Producer Prices Index: Economic Activities: Manufacturing: Total for Ireland
Growth rate same period previous year, Monthly
IRLPIEAMP01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
-44.18%
Date Range
1/1/1969 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly measures the year-over-year change in a given economic indicator on a monthly basis. This metric is critical for economists and policymakers to analyze economic trends and fluctuations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the month-over-month growth rate for a particular economic variable compared to the same month in the previous year. It provides insight into the pace and direction of economic changes over time, helping analysts and decision-makers assess the underlying state of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly economic indicators.
Historical Context
Policymakers and market participants closely monitor this growth rate to inform economic policy and investment decisions.
Key Facts
- The data is reported on a monthly basis.
- The growth rate is calculated as a year-over-year change.
- This metric provides insight into the pace of economic changes over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of a given economic indicator on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to analyze economic fluctuations and assess the underlying state of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this growth rate to inform economic policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, so there may be a delay in the most recent updates.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (IRLPIEAMP01GYM), retrieved from FRED.