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MONTH-ON-PREVIOUS-MONTH GROWTH RATES

Statistics Directorate    
Definition:
Month-on-previous-month growth rates are rates of change expressed with respect to the previous month.

Context:
Also often referred to as Month-to-month (Period-to-period) growth rates, Month-over-month growth rates, 1-month rate of change, or Rate of change on the previous month.

For some phenomena, month-on-previous month growth rates may be further differentiated by the nature or pattern of the incremental difference between each successive period and whether or not the absolute values of these increments over a given period are themselves constant or changing. The most commonly used patterns of growth are: arithmetic, geometric and exponential.

Source Publication:
OECD, 2005, Data and Metadata Reporting and Presentation Handbook, OECD, Paris, Section 3: Guidelines for the reporting of different types of data.

Statistical Theme: Methodological information (metadata)

Created on Monday, July 11, 2005