Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Estonia
Growth rate same period previous year, Monthly
ESTPITGIG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.96
Year-over-Year Change
-32.02%
Date Range
1/1/2003 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly indicator measures the year-over-year change in the Industrial Production Index, which tracks the output of U.S. factories, mines, and utilities. This metric is a key gauge of economic activity and production trends.
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 Growth rate same period previous year, Monthly indicator provides insights into the year-over-year performance of the overall U.S. industrial sector. It is used by economists, policymakers, and analysts to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on the Industrial Production Index.
Historical Context
This metric informs decisions around monetary and fiscal policy, as well as investment strategies.
Key Facts
- The index uses 2017 as the base year.
- Manufacturing accounts for about 75% of the total index.
- The metric can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Monthly indicator measures the year-over-year change in the Industrial Production Index, which tracks the output of U.S. factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key gauge of economic activity and production trends, and it informs decisions around monetary and fiscal policy, as well as investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on the Industrial Production Index.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and analysts to assess the health and trajectory of the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical delay of around a month.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (ESTPITGIG02GYM), retrieved from FRED.