Producer Prices Index: Economic Activities: Manufacturing: Domestic for Hungary
Growth rate same period previous year, Annual
PIEAMP02HUA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.40
Year-over-Year Change
490.90%
Date Range
1/1/1996 - 1/1/2022
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year percentage change in personal income. This metric is a key indicator of economic health and consumer spending power.
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 annual personal income growth rate compares a given year's personal income to the same period a year earlier. It provides insights into the pace of income growth, which influences consumer demand and overall economic activity.
Methodology
The data is calculated based on personal income statistics reported by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor personal income growth to gauge the strength of the consumer sector and broader macroeconomic conditions.
Key Facts
- Annual personal income growth averaged 4.9% from 1990 to 2022.
- Income growth reached a high of 9.2% in 2021 following the COVID-19 pandemic.
- Stable personal income growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year percentage change in personal income, a key indicator of economic health and consumer spending power.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth influences consumer demand and overall economic activity, making it a crucial metric for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on personal income statistics reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor personal income growth to gauge the strength of the consumer sector and broader macroeconomic conditions, informing policy decisions.
Q: Are there update delays or limitations?
A: The personal income growth data is released on a monthly basis, with a typical delay of a few weeks from the end of the reporting period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PIEAMP02HUA659N), retrieved from FRED.