Production: Construction: Total for Israel
Growth rate same period previous year
PRCNTO01ILA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.54
Year-over-Year Change
1013.53%
Date Range
1/1/2001 - 1/1/2017
Summary
The 'Growth rate same period previous year' metric tracks the year-over-year change in a given economic indicator, providing insight into long-term trends and performance compared to the prior year.
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 measure compares the current value of an economic indicator to its value from the same period in the previous year, expressed as a percentage change. It is a widely used analytical tool that helps economists and policymakers assess the direction and pace of economic activity.
Methodology
The growth rate is calculated by the U.S. Federal Reserve as the percent change between the current period and the same period one year prior.
Historical Context
This trend is closely monitored by economists, analysts, and policymakers to gauge the health and trajectory of the overall economy.
Key Facts
- Year-over-year growth rates provide a longer-term perspective on economic trends.
- The metric is widely used to identify turning points in the business cycle.
- Growth rates can signal acceleration, deceleration, or stagnation in economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in a given economic indicator, providing insight into long-term growth patterns.
Q: Why is this trend relevant for users or analysts?
A: Year-over-year growth rates are a key tool for assessing the direction and pace of economic activity, helping to identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The growth rate is calculated by the U.S. Federal Reserve as the percent change between the current period and the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor growth rates to gauge the health of the overall economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically released with a short lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (PRCNTO01ILA659S), retrieved from FRED.