International Merchandise Trade Statistics: Imports: Commodities for Ireland
Growth rate same period previous year, Monthly
XTIMVA01IEM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.05
Year-over-Year Change
-138.96%
Date Range
1/1/1958 - 5/1/2025
Summary
This economic indicator measures the year-over-year growth rate of monthly industrial production in the United States. It provides insights into the pace of manufacturing activity and overall economic health.
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, monthly statistic tracks changes in the level of U.S. industrial production compared to the same month in the prior year. It is a key signal of the manufacturing sector's performance and broader economic trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the strength of the U.S. economy and guide decisions.
Key Facts
- U.S. industrial production grew 4.1% year-over-year in June 2022.
- The growth rate reached a pandemic-era high of 17.5% in April 2021.
- Manufacturing accounts for about 11% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year change in the level of U.S. industrial production on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a key signal of manufacturing activity and broader economic health, making it important for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of industrial facilities and calculates the year-over-year growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the strength of the manufacturing sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical lag of around six weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (XTIMVA01IEM659S), retrieved from FRED.