Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Colombia
Growth rate previous period, Monthly
COLMANMM101GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.94
Year-over-Year Change
-349.92%
Date Range
3/1/1982 - 12/1/2024
Summary
The growth rate previous period, monthly trend measures the month-over-month percentage change in economic activity, providing insights into the pace of expansion or contraction in the overall 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
This economic indicator tracks the monthly growth rate of a broad measure of economic output, offering a real-time gauge of the economy's performance. It is closely monitored by policymakers, analysts, and businesses to assess the trajectory of the business cycle.
Methodology
The data is calculated based on monthly surveys of a representative sample of economic activity.
Historical Context
The growth rate previous period, monthly is a key input for making informed decisions about monetary and fiscal policy.
Key Facts
- The trend reached a low of -3.8% in April 2020 during the COVID-19 pandemic.
- The average growth rate over the past 10 years is 0.2%.
- Positive growth rates indicate an expanding economy, while negative rates signal a contracting economy.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly trend measures the month-over-month percentage change in a broad measure of economic activity, providing insights into the pace of expansion or contraction in the overall economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely monitored by policymakers, analysts, and businesses as it offers a real-time gauge of the economy's performance and trajectory, which is crucial for informed decision-making.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly surveys of a representative sample of economic activity.
Q: How is this trend used in economic policy?
A: The growth rate previous period, monthly is a key input for making informed decisions about monetary and fiscal policy, as it provides insights into the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (COLMANMM101GPSAM), retrieved from FRED.