Producer Prices Index: Economic Activities: Manufacturing: Domestic for Luxembourg
Growth rate same period previous year, Annual
PIEAMP02LUA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.89
Year-over-Year Change
150.66%
Date Range
1/1/1981 - 1/1/2022
Summary
This economic trend measures the annual growth rate of personal income, calculated as the percent change from the same period in the previous year. It provides insight into the pace of income growth for U.S. consumers.
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 personal income growth rate is a key indicator of economic conditions and consumer spending power. Economists and policymakers analyze this metric to assess the overall health of the U.S. economy and inform decisions around monetary and fiscal policy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic data.
Historical Context
This trend helps policymakers and market participants understand broader economic trends and their impact on consumer finances and spending.
Key Facts
- Personal income grew 3.4% in 2022 compared to 2021.
- The growth rate has averaged 3.7% over the past 10 years.
- Personal income is a major driver of consumer spending in the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in personal income in the U.S., comparing the current year to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of consumer spending power and economic conditions. Analysts use this metric to assess the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic data.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor personal income growth to inform decisions around monetary and fiscal policy that can impact consumer finances and spending.
Q: Are there update delays or limitations?
A: The personal income growth data is released monthly with a lag of approximately one month. There may be revisions to past data as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PIEAMP02LUA659N), retrieved from FRED.