Production: Manufacturing: Total Manufacturing for Euro Area (19 Countries)
Growth rate previous period, Annual, Seasonally Adjusted
PRMNTO01EZA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.04
Year-over-Year Change
-60.37%
Date Range
1/1/1981 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of a key metric, providing insights into economic performance and trends.
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 previous period, annual, seasonally adjusted metric tracks the percentage change in a given economic indicator compared to the same period a year earlier, with seasonal fluctuations removed. This provides a clearer picture of underlying economic conditions.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
This metric is closely watched by policymakers, analysts, and investors to gauge the health and direction of the economy.
Key Facts
- The metric is annualized, meaning it shows the year-over-year percentage change.
- Seasonal adjustment removes regular, predictable variations in the data.
- This indicator provides a clearer signal of underlying economic trends.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate of a key economic indicator, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the underlying strength and direction of the economy, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is 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 closely watched by policymakers to gauge the health and direction of the economy, informing their decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically published with a short lag, and the seasonal adjustment process may have some limitations in periods of unusual economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (PRMNTO01EZA657S), retrieved from FRED.