Production: Construction: Total for Canada
Growth rate same period previous year, Annual
PRCNTO01CAA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.32
Year-over-Year Change
-104.15%
Date Range
1/1/1962 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in a selected economic indicator, providing insights into the pace of economic growth over time.
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 growth rate statistic is widely used by economists and policymakers to analyze trends in key economic variables such as GDP, employment, and consumer prices. It offers a standardized way to compare economic performance across different periods.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current year's value to the previous year's value for the same time period.
Historical Context
This metric helps inform decisions around monetary and fiscal policy, as well as investment strategies.
Key Facts
- The growth rate metric is expressed as a percentage change.
- It can be applied to a wide range of economic variables, including GDP, employment, and consumer prices.
- Analyzing this trend over time provides insights into the pace and direction of economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in a selected economic indicator, providing insights into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze trends in key economic variables and inform decisions around monetary and fiscal policy, as well as investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current year's value to the previous year's value for the same time period.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around monetary and fiscal policy, as well as investment strategies, by providing insights into the pace and direction of economic activity.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delays in reporting, and the metric may be subject to revisions or limitations in its application.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PRCNTO01CAA659S), retrieved from FRED.