Work Started: Construction: Dwellings and Residential Buildings: Total for Australia
Growth rate previous period, Annual, Seasonally Adjusted
WSCNDW01AUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-20.93
Year-over-Year Change
-190.48%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of the selected economic indicator, adjusted for seasonal variations. It provides insights into the pace of change for that indicator 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
The growth rate previous period, annual, seasonally adjusted metric tracks the percent change in an economic variable compared to the same period one year earlier, after accounting for typical seasonal fluctuations. This allows analysts to identify underlying trends apart from regular cyclical patterns.
Methodology
The data is calculated from the original time series by the U.S. Federal Reserve.
Historical Context
This metric is widely used by economists, policymakers, and market participants to evaluate the direction and momentum of key economic variables.
Key Facts
- The data is reported on a monthly basis.
- Seasonal adjustment removes regular cyclical patterns.
- The metric can signal acceleration or deceleration in economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a selected economic indicator, after adjusting for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the underlying momentum and direction of economic activity, beyond regular seasonal patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve from the original time series.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays, providing timely information to analysts.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (WSCNDW01AUA657S), retrieved from FRED.