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Growth rate same period previous year, Monthly

INDWPOTFD01GYM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1.07

Year-over-Year Change

-77.89%

Date Range

4/1/1995 - 11/1/2022

Summary

The Growth rate same period previous year, Monthly metric measures the year-over-year change in a key industrial production index. It provides insights into the pace and direction of the U.S. manufacturing sector.

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 monthly indicator tracks the percentage change in the Federal Reserve's Industrial Production index compared to the same month in the prior year. It offers an important barometer of overall manufacturing activity and can signal emerging trends in the broader economy.

Methodology

The data is calculated based on the Federal Reserve's monthly Industrial Production survey.

Historical Context

The growth rate metric is closely watched by economists, policymakers, and investors to assess the health and trajectory of the U.S. industrial and manufacturing sectors.

Key Facts

  • The U.S. industrial sector accounts for approximately 20% of GDP.
  • Manufacturing output has a significant impact on overall economic activity.
  • The growth rate 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 metric measures the year-over-year change in the Federal Reserve's Industrial Production index, providing insights into the pace and direction of the U.S. manufacturing sector.

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

A: This indicator is closely watched by economists, policymakers, and investors as it offers an important barometer of overall manufacturing activity and can signal emerging trends in the broader economy.

Q: How is this data collected or calculated?

A: The data is calculated based on the Federal Reserve's monthly Industrial Production survey.

Q: How is this trend used in economic policy?

A: The growth rate metric is used by policymakers, central banks, and market analysts to assess the health and trajectory of the U.S. industrial and manufacturing sectors, which have significant implications for the broader economy.

Q: Are there update delays or limitations?

A: The data is published monthly by the Federal Reserve, with a typical release lag of around one month.

Related Trends

Citation

U.S. Federal Reserve, Growth rate same period previous year, Monthly (INDWPOTFD01GYM), retrieved from FRED.