Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Estonia
Growth rate previous period, Monthly
ESTPITGCD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-232.36%
Date Range
2/1/2002 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly indicator tracks the month-over-month percent change in an economic metric. It provides a timely measure of economic momentum and is closely watched by policymakers and analysts.
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 percent change from the previous period for an unspecified economic variable. It is a widely used indicator of short-term economic growth and can signal shifts in the business cycle or consumer demand.
Methodology
The data is calculated from the original series using standard percent change formulas.
Historical Context
Policymakers and market participants closely monitor this metric to assess the current state and near-term trajectory of the economy.
Key Facts
- The indicator is released on a monthly basis.
- It measures the percent change from the prior month.
- The data can signal acceleration or deceleration in economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the month-over-month percent change in an unspecified economic variable, providing a timely measure of economic momentum.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and market participants as it can signal shifts in the business cycle or consumer demand, helping assess the current state and near-term trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated from the original series using standard percent change formulas.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this metric to gauge economic growth and make informed decisions regarding monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The indicator is released on a monthly basis, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (ESTPITGCD02GPM), retrieved from FRED.