Production: Manufacturing: Total manufacturing: Total manufacturing for G7
Growth rate same period previous year, Monthly
G7PRMNTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-106.43%
Date Range
1/1/1991 - 5/1/2025
Summary
The 'Growth rate same period previous year, Monthly' metric measures the year-over-year change in a selected economic indicator on a monthly basis. This trend provides important insights into the pace and direction 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 series tracks the monthly growth rate of an economic variable compared to the same month in the prior year. It is a widely used indicator for evaluating economic performance and trends over time, helping analysts and policymakers assess the health and trajectory of the economy.
Methodology
The data is calculated based on the monthly values of the underlying economic series.
Historical Context
Policymakers and economists closely monitor this metric to inform decisions and forecasts related to monetary policy, fiscal planning, and market conditions.
Key Facts
- The growth rate is expressed as a percentage change.
- This metric is seasonally adjusted to account for recurring patterns.
- Year-over-year growth rates provide a longer-term perspective than month-over-month changes.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in a selected economic indicator on a monthly basis, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for evaluating economic performance and trends over time, helping analysts and policymakers assess the health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the monthly values of the underlying economic series.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to inform decisions and forecasts related to monetary policy, fiscal planning, and market conditions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with some potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (G7PRMNTO01GYSAM), retrieved from FRED.