Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Austria
Growth rate same period previous year, Monthly
AUTPIEAFD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.06
Year-over-Year Change
97.61%
Date Range
1/1/2001 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly indicator measures the year-over-year change in automotive production, providing insight into the pace of industrial activity.
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 tracks the annual growth rate of automotive production, serving as a barometer for the manufacturing sector and broader economic conditions. It is a key data point used by economists and policymakers to analyze industrial performance and economic trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of automotive manufacturers.
Historical Context
This indicator is closely monitored for its implications on employment, consumer spending, and overall economic growth.
Key Facts
- The indicator is published on a monthly basis by the U.S. Federal Reserve.
- Automotive production is a significant component of overall industrial output.
- Trends in this metric can signal shifts in consumer demand and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Monthly indicator measures the year-over-year change in automotive production, providing insight into the pace of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key data point used by economists and policymakers to analyze industrial performance and broader economic conditions, as automotive production is a significant component of overall industrial output.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of automotive manufacturers.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored for their implications on employment, consumer spending, and overall economic growth, making it a valuable data point for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The indicator is published on a monthly basis by the U.S. Federal Reserve, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (AUTPIEAFD02GYM), retrieved from FRED.