Sales: Retail Trade: Car Registration: Passenger Cars for OECD
Growth rate previous period, Monthly
OECDSLRTCR03GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.26
Year-over-Year Change
406.81%
Date Range
2/1/1973 - 12/1/2018
Summary
The Growth rate previous period, Monthly measures the month-over-month change in economic output across major OECD countries. This key indicator provides insights into the direction and pace of economic growth.
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 economic trend represents the month-over-month growth rate in real gross domestic product (GDP) for the OECD group of advanced economies. It is a widely followed indicator of macroeconomic performance and can signal changes in the business cycle.
Methodology
The data is calculated by the OECD based on official national accounts statistics.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the strength and trajectory of the broader economy.
Key Facts
- The OECD is a group of 38 major advanced economies.
- This indicator is published on a monthly basis.
- The data goes back to 1960 for many OECD countries.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Monthly measures the month-over-month percent change in real GDP across the OECD group of advanced economies.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a timely snapshot of the pace of economic activity, which is crucial for policymakers, businesses, and investors in gauging the business cycle and making informed decisions.
Q: How is this data collected or calculated?
A: The OECD calculates this indicator based on official national accounts data provided by member countries.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this and other macroeconomic indicators to assess the overall health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 1-2 months. There may be revisions to historical data as more complete information becomes available.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for OECD
OECDNAEXKP04GPSAQ
Infra-Annual Labor Statistics: Working-Age Population Female: 15 Years or over for OECD
OECDLFWATTFESTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for OECD
OECDLFAC55MASTQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 25 to 54 Years for OECD
OECDLFWA25FESTSAQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for OECD
OECDLFWA24TTSTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for OECD
OECDLFAC24MASTSAQ
Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (OECDSLRTCR03GPSAM), retrieved from FRED.