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Growth rate previous period, Monthly

SWEPITGVG02GPM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

0.94

Year-over-Year Change

-1.14%

Date Range

2/1/1990 - 2/1/2023

Summary

The growth rate previous period, monthly trend measures the monthly change in the growth rate of gross value added, providing insights into the pace of economic activity over time.

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 month-over-month change in the growth rate of gross value added, a key measure of overall economic output. It is used by economists and policymakers to assess the strength and trajectory of the broader economy.

Methodology

The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.

Historical Context

This metric is closely monitored by the Federal Reserve and other economic institutions when evaluating the health of the U.S. economy and informing policy decisions.

Key Facts

  • The growth rate previous period, monthly is reported on a monthly basis.
  • It measures the change in the rate of economic growth from the prior period.
  • Positive growth rates indicate an accelerating economy, while negative rates signal a slowdown.

FAQs

Q: What does this economic trend measure?

A: This trend measures the month-over-month change in the growth rate of gross value added, providing insights into the pace of economic activity.

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

A: This metric is closely watched by economists and policymakers to assess the strength and trajectory of the broader economy, informing their decisions.

Q: How is this data collected or calculated?

A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.

Q: How is this trend used in economic policy?

A: The Federal Reserve and other economic institutions monitor this metric closely when evaluating the health of the U.S. economy and making policy decisions.

Q: Are there update delays or limitations?

A: The growth rate previous period, monthly data is reported on a monthly basis with minimal delays.

Related Trends

Citation

U.S. Federal Reserve, Growth rate previous period, Monthly (SWEPITGVG02GPM), retrieved from FRED.