International Merchandise Trade Statistics: Imports: Commodities for G7
Growth rate same period previous year, Monthly, Seasonally Adjusted
G7XTIMVA01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.56
Year-over-Year Change
-395.02%
Date Range
1/1/1971 - 4/1/2025
Summary
This economic trend measures year-over-year growth in industrial production. It is a key indicator of overall economic activity and a crucial data point for economists and policymakers.
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 metric tracks the annual percentage change in industrial production, providing insight into the pace of economic expansion or contraction. It is a widely followed and influential data series that helps analysts assess the health of the manufacturing sector and broader economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
This trend is closely monitored by the Federal Reserve and other agencies to inform economic policy decisions.
Key Facts
- The growth rate reached a low of -12.5% in April 2020 during the COVID-19 pandemic.
- Positive year-over-year growth signals an expanding economy, while negative growth indicates economic contraction.
- The series dates back to 1919, providing a long-term historical perspective on U.S. industrial trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in industrial production, providing an indicator of the overall health and direction of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a crucial data point that helps economists, policymakers, and investors assess the strength of the manufacturing sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The industrial production growth rate is closely monitored by the Federal Reserve and other agencies to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (G7XTIMVA01GYSAM), retrieved from FRED.