Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
PRCNTO01O1Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
-0.30%
Date Range
1/1/1991 - 4/1/2017
Summary
This economic trend measures the growth rate in a given quarter compared to the same quarter in the previous year, providing insight into the pace of economic expansion or contraction 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
The growth rate same period previous year is a key economic indicator used to assess the health and trajectory of the overall economy. It compares current economic performance to the prior year, helping analysts and policymakers identify trends and make informed decisions.
Methodology
The data is calculated by the U.S. Federal Reserve using seasonally adjusted quarterly economic data.
Historical Context
This metric is closely watched by economists, investors, and policymakers to gauge the strength of the economy and inform policy responses.
Key Facts
- The growth rate is calculated as a year-over-year percentage change.
- Positive growth rates indicate economic expansion, while negative rates signal contraction.
- The Federal Reserve uses this metric to inform monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the growth rate in a given quarter compared to the same quarter in the previous year, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, investors, and policymakers to gauge the strength of the economy and inform policy responses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using seasonally adjusted quarterly economic data.
Q: How is this trend used in economic policy?
A: The Federal Reserve uses this metric to inform monetary policy decisions, as it provides insight into the overall health and trajectory of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with some lag from the end of the reporting period, 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, Quarterly, Seasonally Adjusted (PRCNTO01O1Q659S), retrieved from FRED.