Growth Rate Previous Period, Monthly
CPGREN01G7M657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
244.44%
Date Range
2/1/1970 - 9/1/2017
Summary
The 'Growth Rate Previous Period, Monthly' metric measures the month-over-month change in a selected economic indicator, providing insight 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 data series tracks the percentage change in a key economic indicator compared to the previous month. It is a widely followed metric that helps economists and policymakers assess the momentum and direction of the economy.
Methodology
The growth rate is calculated by the U.S. Federal Reserve using the previous month's data.
Historical Context
The growth rate is used to analyze economic trends and inform policy decisions.
Key Facts
- The growth rate can be positive or negative, indicating expansion or contraction.
- This metric is a leading indicator of overall economic performance.
- Month-over-month growth rates are more volatile than year-over-year comparisons.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Previous Period, Monthly' metric measures the month-over-month percentage change in a key economic indicator, providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This widely followed metric helps economists and policymakers assess the momentum and direction of the economy, informing economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The growth rate is calculated by the U.S. Federal Reserve using the previous month's data.
Q: How is this trend used in economic policy?
A: The growth rate is used to analyze economic trends and inform policy decisions by governments, central banks, and other economic institutions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of a few weeks from the end of the reference period.
Related Trends
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPGREN01G7M657N), retrieved from FRED.