Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Luxembourg
Growth rate same period previous year
LORSGPORLUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.65
Year-over-Year Change
-73.61%
Date Range
1/1/1961 - 4/1/2023
Summary
The growth rate same period previous year measures the year-over-year change in a specific economic indicator. This metric is important for economists and policymakers to analyze economic trends and inform policy decisions.
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 trend represents the percent change in an economic variable compared to the same period a year earlier. It is a widely used indicator to assess the direction and pace of economic growth over time, adjusting for seasonal factors.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
Policymakers closely monitor this metric to gauge the health of the economy and make informed decisions.
Key Facts
- The growth rate same period previous year is expressed as a percentage.
- This metric is calculated for a wide range of economic indicators, including GDP, employment, and consumer prices.
- Analyzing the trend over time can provide insights into the pace and direction of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the percent change in an economic indicator compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the direction and pace of economic growth, as it adjusts for seasonal factors and provides a year-over-year comparison.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the growth rate same period previous year based on underlying economic data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The growth rate same period previous year data is typically published on a regular schedule by the Federal Reserve, with minimal delays.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (LORSGPORLUQ659S), retrieved from FRED.