Growth Rate Previous Period, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU08O1Q658N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-54.27%
Date Range
4/1/1970 - 1/1/2011
Summary
This economic trend measures the quarter-over-quarter growth rate of a key composite business conditions index, providing insight into overall economic momentum.
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, Trend, Quarterly, Not Seasonally Adjusted metric tracks the percentage change in the Chicago Fed National Activity Index (CFNAI) from the prior quarter. The CFNAI is a comprehensive measure of U.S. economic activity used by policymakers and analysts to gauge the overall health of the economy.
Methodology
The data is calculated directly from the CFNAI, a monthly index produced by the Federal Reserve Bank of Chicago.
Historical Context
This trend is closely watched by economists and policymakers to inform monetary and fiscal decisions.
Key Facts
- The CFNAI covers 85 economic indicators across 4 broad categories.
- The trend reached a low of -4.19 in Q2 2020 during the COVID-19 recession.
- Positive values indicate above-average economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in the Chicago Fed National Activity Index (CFNAI), a comprehensive gauge of U.S. economic activity.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of the CFNAI is closely watched by economists and policymakers as an indicator of the overall health and momentum of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated directly from the monthly CFNAI index produced by the Federal Reserve Bank of Chicago.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform monetary and fiscal decisions, as it provides a broad measure of economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, and may be subject to periodic revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Trend, Quarterly, Not Seasonally Adjusted (ULQBBU08O1Q658N), retrieved from FRED.