Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Austria
Growth rate previous period, Monthly
AUTPIEAFD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-56.09%
Date Range
2/1/2000 - 12/1/2022
Summary
The 'Growth rate previous period, Monthly' trend measures the month-over-month change in the production of automobiles and parts. This indicator provides insight into the health and direction of the U.S. manufacturing sector.
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 series tracks the growth rate in the value of shipments for the automotive industry compared to the previous month. It is a key indicator of the overall strength and trajectory of U.S. automobile manufacturing and a leading signal for broader industrial production.
Methodology
The data is collected and calculated by the U.S. Census Bureau through monthly surveys of manufacturing establishments.
Historical Context
Policymakers and economists closely monitor this trend to assess the state of the economy and guide fiscal and monetary decisions.
Key Facts
- The automotive industry accounts for over 3% of U.S. GDP.
- Auto production is a leading indicator of broader economic health.
- The U.S. is the world's second-largest automobile manufacturer.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Monthly' trend measures the month-over-month change in the production of automobiles and parts in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and direction of the U.S. manufacturing sector, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through monthly surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the state of the economy and guide fiscal and monetary decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a month of the reference period, and represents the most up-to-date information available on U.S. auto production.
Related Trends
Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Austria
LFEM24MAATA657N
Leading Indicators OECD: Leading indicators: CLI: Trend restored for Austria
AUTLOLITOTRGYSAM
Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Austria
AUTFCSODDXDC
Broad Effective Exchange Rate for Austria
NBATBIS
Life Insurance Premium Volume to GDP for Austria
DDDI09ATA156NWDB
International Merchandise Trade Statistics: Imports: Commodities for Austria
XTIMVA01ATA657S
Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (AUTPIEAFD01GPM), retrieved from FRED.