Producer Prices Index: Economic Activities: Manufacturing: Total for Luxembourg
Growth rate previous period, Monthly
LUXPIEAMP01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
-82.91%
Date Range
2/1/1980 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly measures the month-over-month change in real GDP, a key indicator of economic growth. This data provides important insights into the pace and trajectory of the broader U.S. economy.
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 series represents the monthly growth rate of real gross domestic product (GDP) compared to the previous month. It is a widely tracked metric used by economists, policymakers, and analysts to assess the current state and momentum of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey data.
Historical Context
This growth rate trend is closely monitored for signals about the overall health of the economy and can inform policy decisions.
Key Facts
- GDP growth rate averaged 0.3% per month from 2010-2019.
- The highest monthly GDP growth rate since 2000 was 1.7% in Q3 2020.
- Negative growth rates signal potential economic recessions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month change in real gross domestic product (GDP), a key indicator of overall economic growth in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the current pace and trajectory of the U.S. economy, helping economists, policymakers, and market analysts assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey data.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other policymakers as a key indicator of the overall health of the economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a monthly basis with a lag of several weeks, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (LUXPIEAMP01GPM), retrieved from FRED.