Producer Prices Index: Type of Goods: Consumer Goods: Total for Portugal
Growth rate previous period, Quarterly
PRTPITGCG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.71
Year-over-Year Change
-2950.80%
Date Range
4/1/2005 - 10/1/2022
Summary
The Growth Rate Previous Period, Quarterly metric measures the quarter-over-quarter percent change in total output. This key economic indicator provides insight into the pace of economic growth 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 measure of real GDP growth, capturing the percent change in total economic output compared to the prior quarter. It is a widely-used metric for analyzing the trajectory of the economy and identifying turning points in the business cycle.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Historical Context
The growth rate is a crucial input for Federal Reserve decision-making and is closely followed by financial markets.
Key Facts
- The U.S. economy grew 2.4% in Q2 2022 compared to the prior quarter.
- Quarterly GDP growth has averaged 2.3% over the past 10 years.
- Negative quarterly growth rates signal an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly metric measures the quarter-over-quarter percent change in real GDP, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This key indicator is closely watched by policymakers, investors, and economists as it offers a timely signal of the economy's health and direction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The quarterly GDP growth rate is a crucial input for Federal Reserve decisions on monetary policy, and it is closely followed by financial markets to assess the economic outlook.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published on a quarterly basis, with a lag of about one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (PRTPITGCG01GPQ), retrieved from FRED.