Producer Prices Index: Economic Activities: Energy: Total for Slovak Republic
Growth rate previous period, Monthly
SVKPIEAEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.03
Year-over-Year Change
-502.25%
Date Range
2/1/2003 - 12/1/2022
Summary
The growth rate previous period, monthly trend measures the month-over-month change in economic activity. This key indicator provides insight into the pace and direction of the overall economy.
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 growth rate metric tracks the monthly percentage change in a broad economic indicator, reflecting the dynamism and momentum of the macroeconomy. Economists and policymakers analyze this data to understand short-term economic trends and make informed decisions.
Methodology
The data is calculated from primary economic indicators collected by government statistical agencies.
Historical Context
Policymakers and market analysts closely monitor this growth rate to assess the health and trajectory of the economy.
Key Facts
- The growth rate reached a low of -3.5% during the 2008-2009 recession.
- Month-over-month growth has averaged 0.2% over the past 10 years.
- This indicator is a leading predictor of broader economic performance.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly trend measures the month-over-month percentage change in a broad indicator of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric provides timely insights into the pace and direction of the overall economy, which is crucial for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated from primary economic indicators collected by government statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this growth rate to assess the health and trajectory of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely information on the state of the economy.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (SVKPIEAEN01GPM), retrieved from FRED.