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Growth rate same period previous year, Quarterly
AUTCP040400GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.13
Year-over-Year Change
27.12%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in total output for the U.S. automotive sector. This provides economists and policymakers with insights into the health and trajectory of the automotive industry.
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 economic indicator tracks the quarterly growth rate of the U.S. automotive industry compared to the same quarter in the previous year. It is a key measure of the sector's performance and can signal broader trends in consumer demand, investment, and economic conditions.
Methodology
The data is calculated based on the U.S. Federal Reserve's quarterly surveys of automotive industry output.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to assess the automotive sector's role in the broader economy.
Key Facts
- Automotive industry accounts for over 3% of U.S. GDP.
- Quarterly growth rate averaged 2.5% from 2015-2019.
- The metric fell over 20% year-over-year during the 2020 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric tracks the year-over-year change in total output for the U.S. automotive sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health and trajectory of the automotive industry, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Federal Reserve's quarterly surveys of automotive industry output.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, industry analysts, and investors to assess the automotive sector's role and performance within the overall economy.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a lag of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (AUTCP040400GYQ), retrieved from FRED.