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Growth rate same period previous year, Quarterly
AUTPITGVG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.53
Year-over-Year Change
252.21%
Date Range
1/1/2001 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of total production for the automotive industry in the United States. It provides insight into the industry's performance and production dynamics.
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, Quarterly series tracks the percentage change in total automotive production compared to the same quarter of the prior year. This indicator helps analysts and policymakers understand the cyclical nature of the automotive sector and its contribution to the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on manufacturing output surveys.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to gauge the health and trajectory of the U.S. automotive industry.
Key Facts
- Automotive production accounts for over 3% of U.S. GDP.
- This trend has a long history dating back to 1972.
- Quarterly growth rates can vary widely based on seasonal factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of total production in the U.S. automotive industry on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the cyclical performance and output dynamics of the vital U.S. automotive sector, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on manufacturing output surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the health of the automotive industry and its implications for the overall economy, informing decisions on fiscal, monetary, and industrial policies.
Q: Are there update delays or limitations?
A: This quarterly series is published with a short lag, typically 1-2 months after the end of the reference period. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (AUTPITGVG02GYQ), retrieved from FRED.