Producer Prices Index: Economic Activities: Energy: Domestic for Luxembourg
Growth rate previous period, Monthly
LUXPIEAEN02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.15
Year-over-Year Change
N/A%
Date Range
2/1/2000 - 12/1/2022
Summary
The growth rate previous period, monthly trend measures the month-over-month change in an economic indicator. This metric is closely watched by economists and policymakers to assess the pace of economic activity.
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 previous period, monthly is an important economic indicator that tracks the month-over-month percent change in a given metric. It provides insight into the momentum and direction of economic trends, which informs policy decisions and market analysis.
Methodology
The data is calculated from the raw monthly economic indicator values.
Historical Context
This metric is widely used by the Federal Reserve, economic researchers, and financial analysts to monitor economic conditions.
Key Facts
- The growth rate is calculated as the percent change from the previous month's value.
- Month-over-month growth rates provide a timely snapshot of economic momentum.
- Positive growth rates indicate an expanding economy, while negative rates signal contraction.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the percent change in an economic indicator from the previous month. It provides a near real-time gauge of the economy's direction and pace of growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and market participants as it offers valuable insights into the current state and trajectory of the economy, informing decisions and forecasts.
Q: How is this data collected or calculated?
A: The growth rate previous period, monthly is calculated by the Federal Reserve using the raw monthly values of the underlying economic indicator.
Q: How is this trend used in economic policy?
A: The growth rate previous period, monthly is a key input for the Federal Reserve and other policymakers in assessing economic conditions and informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The growth rate previous period, monthly data is typically released on a monthly basis, with a short lag from the reference period. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (LUXPIEAEN02GPM), retrieved from FRED.