Producer Prices Index: Economic Activities: Manufacturing: Domestic for Austria
Growth rate same period previous year, Quarterly
PIEAMP02ATQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.17
Year-over-Year Change
-2107.33%
Date Range
1/1/2000 - 10/1/2022
Summary
This trend measures the year-over-year growth rate of a key indicator of personal income, providing insight into consumer spending patterns and 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
The growth rate same period previous year, quarterly series tracks the percent change in personal income from the same quarter one year prior. This metric is widely used by economists and policymakers to analyze household consumption, a major driver of overall economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of personal income sources.
Historical Context
This growth rate is a leading indicator referenced by the Federal Reserve and other institutions in evaluating monetary and fiscal policy decisions.
Key Facts
- Personal income accounts for over two-thirds of U.S. GDP.
- Income growth typically precedes changes in consumer spending.
- Quarterly data is more volatile than annual figures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in personal income, providing insight into consumer spending patterns and the overall economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze household consumption, a major driver of economic activity, and to inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of personal income sources.
Q: How is this trend used in economic policy?
A: This growth rate is a leading indicator referenced by the Federal Reserve and other institutions in evaluating monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The quarterly data can be more volatile than annual figures, and there may be some delays in the data reporting.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PIEAMP02ATQ659N), retrieved from FRED.