Producer Prices Index: Economic Activities: Manufacturing: Domestic for Denmark
Growth rate same period previous year, Quarterly
PIEAMP02DKQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.61
Year-over-Year Change
2386.92%
Date Range
1/1/1975 - 10/1/2022
Summary
The Growth rate same period previous year, Quarterly trend measures the year-over-year change in personal income growth for the U.S. This key metric provides insights into the pace of consumer earnings and economic momentum.
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 data series tracks the annualized quarterly percent change in personal income compared to the same quarter of the previous year. It is a widely followed indicator of consumer purchasing power and a leading input for economic forecasting and policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using household survey and administrative information.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the underlying strength of consumer spending and the broader economy.
Key Facts
- Personal income grew 3.2% year-over-year in Q4 2022.
- Income growth has slowed from a peak of 11.5% in Q2 2021.
- The long-term average growth rate is around 4.5% annually.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Quarterly metric tracks the year-over-year change in personal income for the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer purchasing power and economic momentum, making it a closely watched indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using household surveys and administrative data sources.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor personal income growth to gauge the overall health of the economy and inform decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Bureau of Economic Analysis, with a typical lag of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PIEAMP02DKQ659N), retrieved from FRED.