Producer Prices Index: Economic Activities: Manufacturing: Domestic for Hungary
Growth rate same period previous year, Quarterly
PIEAMP02HUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.78
Year-over-Year Change
897.05%
Date Range
1/1/1996 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of personal income on a quarterly basis. It provides insight into changes in consumer purchasing power and spending behavior, which are key factors influencing the broader economy.
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 indicator tracks the percent change in personal income compared to the same quarter in the prior year. This metric helps analysts and policymakers understand shifts in household financial conditions and consumer confidence over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the Personal Income and Outlays report.
Historical Context
This trend is widely used by economists, investors, and government agencies to inform economic policy decisions and market assessments.
Key Facts
- Personal income grew 5.2% in Q4 2022 compared to Q4 2021.
- Quarterly personal income growth has averaged 4.7% over the past 5 years.
- The highest year-over-year growth rate was 13.7% in Q2 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in personal income on a quarterly basis. It provides insight into changes in consumer purchasing power and spending behavior.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of consumer financial health and a driver of consumer spending, which accounts for about 70% of U.S. economic activity. Monitoring this trend helps analysts and policymakers assess the state of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the Personal Income and Outlays report.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor personal income growth to gauge consumer confidence and spending, which informs decisions on interest rates, fiscal policies, and other economic interventions.
Q: Are there update delays or limitations?
A: The personal income growth data is published on a monthly basis, with a typical 1-2 month lag. There are no major known limitations to the data collection or reporting.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PIEAMP02HUQ659N), retrieved from FRED.