Producer Prices Index: Economic Activities: Manufacturing: Domestic for Hungary
Growth rate previous period, Monthly
HUNPIEAMP02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
-93.90%
Date Range
2/1/1995 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly metric measures the month-over-month change in the Personal Income and Outlays report, providing insight into the trajectory of U.S. personal income.
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 economic indicator tracks the monthly percentage change in personal income, which represents earnings from wages, salaries, business ownership, and government assistance. It is a key signal of consumer spending power and an important input for macroeconomic analysis.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the health of the consumer economy and inform decisions around monetary and fiscal policy.
Key Facts
- Personal income accounts for over two-thirds of U.S. GDP.
- The U.S. personal savings rate averaged 5.7% in 2022.
- Consumer spending makes up about 70% of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly metric measures the month-over-month change in personal income, which includes wages, salaries, business income, and government assistance.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of consumer spending power, a key driver of overall economic activity in the U.S.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the Personal Income and Outlays report.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the consumer economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Personal Income and Outlays report, including the Growth Rate Previous Period, Monthly metric, is released by the Bureau of Economic Analysis on a monthly basis with a typical delay of 4-5 weeks.
Related Trends
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Business Tendency Surveys: Volume of Stocks: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Current for Hungary
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (HUNPIEAMP02GPM), retrieved from FRED.