International Merchandise Trade Statistics: Exports: Commodities for Australia
Growth rate previous period, Annual, Seasonally Adjusted
XTEXVA01AUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.19
Year-over-Year Change
69.31%
Date Range
1/1/1959 - 1/1/2024
Summary
This economic indicator measures the annual growth rate of an economic variable, adjusted for seasonal fluctuations. It provides insight into the underlying trends and momentum of the broader economy.
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 year-over-year change in an economic variable, with seasonal variation removed. This data point is widely used by economists and policymakers to analyze economic performance and inform decision-making.
Methodology
The U.S. Bureau of Economic Analysis calculates this statistic using established seasonal adjustment techniques.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to gauge the health of the U.S. economy.
Key Facts
- Measures year-over-year change in an economic variable.
- Removes seasonal fluctuations for more accurate trend analysis.
- Widely used by policymakers and economists to assess economic performance.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual growth rate of an economic variable, with seasonal variations removed. It provides insight into the underlying trends and momentum of the broader economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and market participants as it offers a clear signal of economic performance, stripped of seasonal distortions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this statistic using established seasonal adjustment techniques.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor this metric closely to gauge the health of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: This data is published on a regular schedule by the U.S. government with minimal delays, providing timely insight into economic trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (XTEXVA01AUA657S), retrieved from FRED.