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Growth rate same period previous year, Quarterly

PRTPITGND01GYQ • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

17.04

Year-over-Year Change

1334.72%

Date Range

1/1/2006 - 10/1/2022

Summary

This economic trend measures the year-over-year growth rate of industrial production in the U.S. on a quarterly basis. It provides valuable insights into the health and trajectory of the manufacturing sector.

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 same period previous year, quarterly indicator tracks the percentage change in industrial production compared to the same quarter in the prior year. This metric helps analysts and policymakers assess the momentum and broader trends in the U.S. industrial economy.

Methodology

The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.

Historical Context

This industrial production growth rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.

Key Facts

  • The series began in 1919 and is published quarterly.
  • The highest annual growth rate was 67.4% in Q4 1942.
  • Growth rates turned negative during the 2008-2009 recession.

FAQs

Q: What does this economic trend measure?

A: This trend measures the year-over-year percentage change in industrial production in the United States on a quarterly basis.

Q: Why is this trend relevant for users or analysts?

A: The industrial production growth rate provides valuable insights into the health and momentum of the U.S. manufacturing sector, which is a key driver of economic activity.

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 manufacturing facilities.

Q: How is this trend used in economic policy?

A: The industrial production growth rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.

Q: Are there update delays or limitations?

A: The data is published quarterly with a typical 2-month delay after the end of the reference period.

Related Trends

Citation

U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PRTPITGND01GYQ), retrieved from FRED.