Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Austria
Growth rate same period previous year, Monthly
AUTPITGND01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.19
Year-over-Year Change
142.26%
Date Range
1/1/2001 - 12/1/2022
Summary
This trend measures the year-over-year growth rate in total production for all US industries on a monthly basis. It provides key insights into the overall health and momentum of the US 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
The growth rate same period previous year, monthly indicator tracks the percent change in total industrial production compared to the same month one year prior. This measure is widely used by economists and policymakers to assess broader economic conditions and identify shifts in industrial activity.
Methodology
The Federal Reserve collects and aggregates data from thousands of manufacturing, mining, and utility companies to calculate this seasonally-adjusted monthly index.
Historical Context
The growth rate trend is an important input for the Federal Reserve and other institutions when evaluating monetary and fiscal policies.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for over 75% of the total industrial production index.
- The growth rate reached a low of -16.5% in April 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in total industrial production, including manufacturing, mining, and utilities, on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a key indicator of overall economic activity and momentum, providing insights into the health of the manufacturing sector and broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data from thousands of companies and calculates this seasonally-adjusted monthly index.
Q: How is this trend used in economic policy?
A: The industrial production growth rate is closely monitored by the Federal Reserve and other policymakers to help guide monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The industrial production data is released by the Federal Reserve on a monthly basis, typically with a 1-2 month lag from the reference period.
Related Trends
Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for Austria
CP0118ATM086NEST
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Austria
AUTPREND401IXOBQ
National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Austria
NAEXKP01ATQ189S
Consumer Price Index for Austria
DDOE01ATA086NWDB
Harmonized Index of Consumer Prices: Liquid Fuels for Austria
CP0453ATM086NEST
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Austria
LFIN55MAATA647N
Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (AUTPITGND01GYM), retrieved from FRED.