Sales: Retail Trade: Car Registration: Passenger Cars for Ireland
Growth rate previous period
SLRTCR03IEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-25.59
Year-over-Year Change
34.92%
Date Range
1/1/1960 - 1/1/2020
Summary
The 'Growth rate previous period' metric measures the quarter-over-quarter percent change in real-time economic activity in the euro area, providing a timely indicator of the region's economic performance.
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 metric is a composite indicator that aggregates multiple high-frequency data sources to estimate the current state of the euro area economy. It is used by economists and policymakers to gain an early read on economic trends and inform policy decisions.
Methodology
The data is calculated by the Federal Reserve based on a proprietary model that combines various real-time economic indicators.
Historical Context
The growth rate previous period is a valuable tool for assessing the euro area's economic health and can influence market sentiment and policy responses.
Key Facts
- The metric is updated monthly by the Federal Reserve.
- It measures the quarter-over-quarter percent change in real-time economic activity.
- The indicator is a composite of multiple high-frequency data sources.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' metric measures the quarter-over-quarter percent change in real-time economic activity in the euro area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely indicator of the euro area's economic performance, which is valuable for economists and policymakers in assessing the region's economic health and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on a proprietary model that combines various real-time economic indicators.
Q: How is this trend used in economic policy?
A: The growth rate previous period is used by economists and policymakers to gain an early read on economic trends in the euro area, which can influence market sentiment and policy responses.
Q: Are there update delays or limitations?
A: The metric is updated monthly by the Federal Reserve, providing a timely indicator of economic activity in the euro area.
Related Trends
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IRLCPHP0405GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Ireland
IRLCP110000IXOBQ
Producer Prices Index: Economic activities: Energy: Total for Ireland
IRLPIEAEN01GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Ireland
IRLCP090000GYM
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Ireland
LFEM55MAIEA657N
Broad Effective Exchange Rate for Ireland
NBIEBIS
Citation
U.S. Federal Reserve, Growth rate previous period (SLRTCR03IEA657S), retrieved from FRED.