Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Portugal
Growth rate previous period, Monthly
PRTPITGCD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
178.12%
Date Range
2/1/2005 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly metric measures the month-over-month change in overall industrial production, providing insight into the pace of manufacturing and economic growth.
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 industrial production growth rate serves as an important indicator of the health and momentum of the U.S. economy. Economists and policymakers closely monitor this data to assess current and future economic conditions.
Methodology
The Federal Reserve collects and calculates this metric based on surveys of U.S. industrial facilities.
Historical Context
Growth rate trends are used to inform Federal Reserve policy decisions and provide context for market analysts.
Key Facts
- The metric is reported on a monthly basis.
- Positive growth indicates an expanding economy, while negative growth signals contraction.
- Data is released around the 15th of each month.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly metric measures the month-over-month change in overall industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This industrial production growth rate is a key indicator of the health and momentum of the U.S. economy, providing important context for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data from surveys of U.S. industrial facilities and calculates the month-over-month growth rate.
Q: How is this trend used in economic policy?
A: The industrial production growth rate is closely monitored by the Federal Reserve and used to inform policy decisions, as it provides insight into the strength and direction of the overall economy.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve around the 15th of each month, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (PRTPITGCD01GPM), retrieved from FRED.