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Growth rate previous period, Monthly

ESTPITGVG01GPM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

-0.53

Year-over-Year Change

-161.34%

Date Range

2/1/2002 - 12/1/2022

Summary

The Growth Rate Previous Period, Monthly indicator measures the month-over-month change in overall economic activity. It is a key metric for economists and policymakers to gauge 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 indicator represents the monthly percentage change in the total volume of economic activity, such as production, sales, and employment, compared to the previous month. It provides a timely snapshot of the economy's momentum and direction.

Methodology

The data is collected and calculated by the U.S. Federal Reserve based on a variety of economic indicators.

Historical Context

This metric is widely used by analysts, policymakers, and market participants to inform economic forecasts and policy decisions.

Key Facts

  • The growth rate can be positive or negative, indicating expansion or contraction.
  • This metric is published monthly by the U.S. Federal Reserve.
  • The growth rate is an important signal of the overall health of the economy.

FAQs

Q: What does this economic trend measure?

A: The Growth Rate Previous Period, Monthly indicator measures the month-over-month change in the total volume of economic activity, such as production, sales, and employment.

Q: Why is this trend relevant for users or analysts?

A: This metric provides a timely and important signal of the economy's momentum and direction, which is crucial information for economists, policymakers, and market participants.

Q: How is this data collected or calculated?

A: The data is collected and calculated by the U.S. Federal Reserve based on a variety of economic indicators.

Q: How is this trend used in economic policy?

A: The growth rate is widely used by analysts, policymakers, and market participants to inform economic forecasts and policy decisions.

Q: Are there update delays or limitations?

A: The growth rate data is published monthly by the U.S. Federal Reserve with no significant update delays.

Related Trends

Citation

U.S. Federal Reserve, Growth rate previous period, Monthly (ESTPITGVG01GPM), retrieved from FRED.