Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Sweden
Growth rate same period previous year, Monthly
SWECPHP0500GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
-42.86%
Date Range
1/1/1997 - 3/1/2025
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in manufacturing production in the U.S. This key indicator provides insight into the health and momentum of the industrial 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
This trend represents the percentage change in manufacturing production compared to the same month in the previous year. It is an important barometer of economic activity, as manufacturing is a significant driver of overall GDP and a leading indicator of business cycles.
Methodology
The data is collected through surveys of manufacturing facilities and calculated as a year-over-year percentage change.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the strength of the manufacturing industry and its impact on the broader economy.
Key Facts
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- The growth rate reached a low of -13.6% in April 2020 during the COVID-19 pandemic.
- Sustained positive growth in this indicator signals an expanding manufacturing economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percentage change in U.S. manufacturing production.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and momentum of the manufacturing sector, which is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated as a year-over-year percentage change.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to gauge the strength of the manufacturing industry and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, allowing for timely analysis of current manufacturing conditions.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (SWECPHP0500GYM), retrieved from FRED.