Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Portugal
Growth rate previous period, Quarterly
PRTPIEATI02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.36
Year-over-Year Change
45.90%
Date Range
4/1/1990 - 10/1/2022
Summary
The 'Growth rate previous period, Quarterly' metric measures the quarterly change in productivity, defined as output per hour, in the U.S. non-farm business sector. This key economic indicator provides insights into labor efficiency and is closely monitored by policymakers.
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 previous period, Quarterly' is a widely-used productivity indicator that tracks changes in output per hour worked in the U.S. non-farm business sector on a quarterly basis. Productivity growth is a crucial driver of long-term economic expansion and living standards.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and household employment.
Historical Context
Productivity trends are closely analyzed by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Key Facts
- Productivity growth averages around 1-2% annually in the U.S.
- Increasing productivity is a key driver of rising living standards
- Weak productivity growth has been a concern in recent years
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarterly change in productivity, defined as output per hour, in the U.S. non-farm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a crucial driver of long-term economic expansion and rising living standards, so this indicator is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and household employment.
Q: How is this trend used in economic policy?
A: Productivity trends are closely analyzed by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short delay, providing timely insights into U.S. productivity dynamics.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (PRTPIEATI02GPQ), retrieved from FRED.