Production: Manufacturing: Total Manufacturing for Ireland
Growth rate same period previous year, Quarterly
IRLPRMNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.40
Year-over-Year Change
-112.75%
Date Range
7/1/1976 - 10/1/2023
Summary
This economic trend measures the year-over-year growth rate of a specified economic indicator on a quarterly basis. It provides insights into the pace of economic changes over time, which is crucial for policymakers and analysts.
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
The growth rate same period previous year, quarterly metric tracks the percent change in an economic variable compared to the same quarter of the prior year. This allows for seasonal adjustments and identifies longer-term trends beyond short-term fluctuations.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
This metric is widely used to analyze economic performance and inform policy decisions.
Key Facts
- The growth rate is expressed as a percentage change.
- This metric is available for various economic indicators, including GDP, inflation, and employment.
- Quarterly data allows for more timely analysis of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of a specified economic indicator on a quarterly basis, providing insights into the pace of economic changes.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and analysts as it allows for the identification of longer-term economic trends beyond short-term fluctuations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: This metric is widely used to analyze economic performance and inform policy decisions, providing valuable insights for markets, economists, and policymakers.
Q: Are there update delays or limitations?
A: The data is available on a quarterly basis, which allows for timely analysis of economic conditions, though there may be some update delays depending on the underlying indicator.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (IRLPRMNTO01GYSAQ), retrieved from FRED.