Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Luxembourg
Growth rate same period previous year, Monthly
LUXPITGND01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.77
Year-over-Year Change
111.37%
Date Range
1/1/1991 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly trend measures the year-over-year change in industrial production, providing insight into 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
This monthly series from the U.S. Federal Reserve tracks the growth rate in industrial production compared to the same month in the previous year. It is a key indicator of the overall health and direction of the economy.
Methodology
The data is calculated based on the Federal Reserve's monthly surveys of industrial production.
Historical Context
This growth rate trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the manufacturing sector and broader economic conditions.
Key Facts
- The baseline year is 2017 = 100.
- Negative values indicate a contraction in industrial output.
- This data series dates back to January 1972.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Monthly trend measures the year-over-year change in industrial production.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric provides crucial insight into the pace and direction of economic activity, helping policymakers and market participants assess the health of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: This industrial production growth rate is closely monitored by policymakers, economists, and analysts to evaluate the strength of the manufacturing sector and the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of around one month.
Related Trends
Harmonized Index of Consumer Prices: Other Services in Respect of Personal Transport Equipment for Luxembourg
CP0724LUM086NEST
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Luxembourg
LFAC64MALUQ647S
Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Luxembourg
LUXCPHP1100IXEBM
Net migration for Luxembourg
SMPOPNETMLUX
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg
LUXCP010000GYM
Harmonized Index of Consumer Prices: Non-Alcoholic Beverages for Luxembourg
CP0120LUM086NEST
Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LUXPITGND01GYM), retrieved from FRED.