International Merchandise Trade Statistics: Imports: Commodities for Australia
Growth rate previous period, Annual, Seasonally Adjusted
XTIMVA01AUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-62.97%
Date Range
1/1/1959 - 1/1/2024
Summary
This economic indicator measures the year-over-year growth rate of a variable, adjusted for seasonal fluctuations. It provides insights into the pace of economic activity and is closely monitored by policymakers.
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 change in a variable compared to the same period in the prior year, after accounting for regular seasonal patterns. This measure offers a more stable and meaningful view of economic trends by removing the influence of seasonal factors.
Methodology
This data is collected by surveying businesses and households, then seasonally adjusted using statistical methods.
Historical Context
Economists and policymakers analyze this indicator to assess the strength and trajectory of the economy.
Key Facts
- This metric is expressed as a percentage change.
- Seasonal adjustment removes regular patterns due to factors like weather or holidays.
- Year-over-year growth rates provide a longer-term perspective than month-over-month changes.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of a variable, after adjusting for regular seasonal patterns.
Q: Why is this trend relevant for users or analysts?
A: The seasonally adjusted, annual growth rate provides a more reliable assessment of underlying economic conditions, helping policymakers and analysts better understand the trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households, then adjusted for seasonal factors using statistical methods.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to gauge the strength and direction of the economy, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This data is subject to regular revisions as more complete information becomes available, and may have a lag of several weeks or months in its release.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (XTIMVA01AUA657S), retrieved from FRED.