Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Russia
Growth rate previous period, Monthly
RUSPIEATI02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-97.10%
Date Range
2/1/1998 - 1/1/2022
Summary
The Growth Rate Previous Period, Monthly trend measures the month-over-month change in real gross domestic product (GDP). This indicator provides insight into the pace of economic growth and is closely monitored by economists and 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
This monthly indicator tracks the percent change in real GDP compared to the previous month. It is a key measure of economic momentum and used to assess the strength and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its monthly GDP estimates.
Historical Context
The growth rate is an important input for monetary and fiscal policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 0.3% per month from 1947 to 2022.
- Positive growth rates indicate an expanding economy, while negative rates signal a recession.
- The fastest monthly GDP growth on record was 6.4% in 1950.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month percent change in real gross domestic product (GDP), a key indicator of overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is closely watched by economists, policymakers, and market participants as it provides timely insight into the strength and direction of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its monthly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government to manage the economy.
Q: Are there update delays or limitations?
A: The growth rate data is released monthly with a lag of approximately one month, so it provides a slightly dated but still timely view of economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (RUSPIEATI02GPM), retrieved from FRED.