Consumer Price Index: Total Food Excluding Restaurants for Austria
Growth Rate Previous Period, Monthly
CPGDFD02ATM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-18.34%
Date Range
1/1/1960 - 5/1/2018
Summary
The Growth Rate Previous Period, Monthly metric measures the month-over-month change in real gross domestic product (GDP). This key economic indicator provides insights into the pace of economic growth.
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 represents the monthly growth rate of real GDP compared to the previous month. It is a widely followed metric that economists and policymakers use to gauge the overall health and momentum of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their monthly GDP estimates.
Historical Context
The growth rate is a crucial input for economic analysis and forecasting by government agencies, financial institutions, and academic researchers.
Key Facts
- The series dates back to 1947.
- The highest monthly growth rate was 9.1% in 1950.
- The lowest monthly growth rate was -10% in 2008.
FAQs
Q: What does this economic trend measure?
A: This metric measures the month-over-month percent change in real gross domestic product (GDP), providing insights into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of economic health and momentum, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their monthly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a crucial input for economic analysis and forecasting by government agencies, financial institutions, and academic researchers, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPGDFD02ATM657N), retrieved from FRED.