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Growth rate same period previous year, Monthly
DEUPITGVG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
100.91%
Date Range
1/1/1996 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' is an economic indicator that measures the year-over-year change in a specific economic variable, providing 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 monthly indicator tracks the percentage change in an economic metric compared to the same period in the previous year. It is widely used by economists and policymakers to assess the direction and momentum of economic trends over time.
Methodology
The data is calculated by the statistical agency based on primary data collection.
Historical Context
This growth rate metric is closely monitored by central banks and financial institutions to inform monetary and fiscal policy decisions.
Key Facts
- This metric provides a snapshot of economic performance compared to the prior year.
- A positive growth rate indicates an expanding economy, while a negative rate signals contraction.
- The data is released monthly, allowing for timely analysis of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' indicator tracks the year-over-year percentage change in a specific economic variable, such as GDP, industrial production, or consumer spending.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the pace and direction of economic growth, which is crucial for policymakers, investors, and businesses to make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the statistical agency based on primary data collection from various economic sources.
Q: How is this trend used in economic policy?
A: Central banks and governments closely monitor this growth rate indicator to inform monetary and fiscal policy decisions, as it reflects the overall health and performance of the economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, providing timely information on economic trends. However, there may be occasional delays or revisions due to the nature of data collection and processing.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (DEUPITGVG01GYM), retrieved from FRED.