Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Portugal
Growth rate previous period, Quarterly
PRTPITGCD01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
-768.17%
Date Range
4/1/2005 - 10/1/2022
Summary
The Quarterly Growth Rate Previous Period measures the quarter-over-quarter percent change in real GDP, providing insight into the pace of economic expansion or contraction.
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 metric is a key indicator of the business cycle, allowing economists and policymakers to assess the overall health and trajectory of the U.S. economy based on the latest quarterly growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive national income and product accounts.
Historical Context
Growth rate trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Q4 2022 growth rate was 2.9%.
- Consecutive quarterly declines signal a recession.
- Growth rate volatility is common in early recovery periods.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Growth Rate Previous Period measures the quarter-over-quarter percent change in real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely gauge of the pace and direction of economic expansion or contraction, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive national income and product accounts.
Q: How is this trend used in economic policy?
A: Growth rate trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting stable and sustainable economic growth.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (PRTPITGCD01GPQ), retrieved from FRED.