Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Czech Republic
Growth rate previous period, Monthly
CZEPITGCD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-124.10%
Date Range
2/1/2000 - 11/1/2022
Summary
This economic trend measures the month-over-month growth rate of the Personal Income and Outlays (PITO) index, a key indicator of consumer spending and income. It provides important insights for economists and policymakers tracking the health of the U.S. 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 Personal Income and Outlays Growth Rate measures the monthly change in personal income and consumer spending, two fundamental drivers of economic growth. Analysts use this data to assess the strength of consumer demand and gauge household financial conditions.
Methodology
The U.S. Bureau of Economic Analysis calculates this index based on monthly surveys of household income and expenditures.
Historical Context
The Personal Income and Outlays Growth Rate is a leading indicator used by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The growth rate averaged 0.4% per month over the past 10 years.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- Personal income is a key determinant of household purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Personal Income and Outlays Growth Rate measures the monthly change in personal income and consumer spending in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength of consumer demand and household financial conditions, which are crucial indicators of overall economic health.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index based on monthly surveys of household income and expenditures.
Q: How is this trend used in economic policy?
A: The Personal Income and Outlays Growth Rate is a leading indicator used by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Economic Analysis, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (CZEPITGCD01GPM), retrieved from FRED.