Producer Prices Index: Type of Goods: Consumer Goods: Total for Portugal
Growth rate previous period, Monthly
PRTPITGCG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
-48.41%
Date Range
2/1/2005 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly trend measures the month-over-month change in total industrial production, providing insight into the pace of U.S. manufacturing and industrial activity.
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 economic indicator tracks the growth rate of total industrial production on a monthly basis, representing a critical barometer of the overall health of the U.S. economy. It is closely monitored by policymakers, economists, and market analysts to assess the trajectory of the nation's industrial sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The growth rate in industrial production is a key input for monetary and fiscal policy decisions.
Key Facts
- The U.S. industrial sector accounts for nearly 20% of the nation's GDP.
- Manufacturing output makes up over 75% of total industrial production.
- The growth rate in industrial production has averaged 0.2% per month since 2000.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly trend measures the month-over-month change in total industrial production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the pace of activity in the U.S. manufacturing and industrial sectors, which are critical drivers of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The growth rate in industrial production is a key input for monetary and fiscal policy decisions made by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The industrial production data is released on a monthly basis with a typical lag of around six weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (PRTPITGCG01GPM), retrieved from FRED.