Labor Compensation: Earnings: Manufacturing: Hourly for Austria
Growth rate same period previous year, Annual
LCEAMN01ATA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.71
Year-over-Year Change
-722.08%
Date Range
1/1/1956 - 1/1/2021
Summary
The Growth rate same period previous year, Annual measures the year-over-year change in a selected economic indicator. This metric is critical for economists and policymakers to assess long-term economic trends and monitor the pace of recovery or 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 annual growth rate compares the current year's value of an economic indicator to the same period in the previous year. It provides important context on the trajectory and momentum of the economy, helping to identify turning points and analyze the strength of the recovery.
Methodology
The data is calculated based on official government statistics and surveys.
Historical Context
Policymakers and market analysts closely track this metric to inform decisions and forecasts.
Key Facts
- The data is released monthly by the U.S. Federal Reserve.
- This metric provides important insights into the pace and trajectory of the economy.
- Policymakers use the annual growth rate to guide fiscal and monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual measures the year-over-year change in a selected economic indicator, providing insights into the pace and momentum of the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for economists and policymakers to assess long-term economic trends and monitor the strength of the recovery or growth.
Q: How is this data collected or calculated?
A: The data is calculated based on official government statistics and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely track this metric to inform decisions and forecasts, as it provides important insights into the trajectory and momentum of the economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (LCEAMN01ATA659S), retrieved from FRED.