Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Luxembourg
Growth rate same period previous year, Monthly
LUXPIEAMI01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.07
Year-over-Year Change
207.88%
Date Range
1/1/1996 - 12/1/2022
Summary
This economic indicator measures the year-over-year growth rate of total manufacturing output in the United States on a monthly basis. It is a key metric for evaluating the health and momentum of the U.S. industrial 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
The Growth rate same period previous year, Monthly series tracks the annualized percent change in total manufacturing production compared to the same month in the previous year. It provides insight into the overall direction and pace of industrial activity over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on surveys of manufacturing firms.
Historical Context
This indicator informs economic policy decisions and is closely monitored by analysts, investors, and policymakers.
Key Facts
- The series has been published monthly since 1972.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Positive growth signals an expanding industrial sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of total manufacturing output in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the overall direction and momentum of the U.S. industrial sector, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on surveys of manufacturing firms.
Q: How is this trend used in economic policy?
A: This indicator informs economic policy decisions and is closely monitored by analysts, investors, and policymakers.
Q: Are there update delays or limitations?
A: The series has been published monthly since 1972, with minimal update delays.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LUXPIEAMI01GYM), retrieved from FRED.