Hours Worked for Management of Companies and Enterprises (NAICS 5511) in the United States
Percent Change from Year Ago
IPUON5511L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-131.25%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the year-over-year change in the U.S. industrial production index for the non-durable consumer goods industry. This trend provides insights into the broader state of the manufacturing sector and consumer demand.
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 industrial production index tracks the real output of U.S. manufacturers, mines, and utilities. The 'Percent Change from Year Ago' for non-durable consumer goods specifically analyzes the production trends for industries like food, beverages, apparel, and other consumer-oriented products.
Methodology
The data is collected through surveys of industrial facilities and calculated as an index relative to a base year.
Historical Context
Policymakers and analysts use this metric to assess the health of the manufacturing economy and consumer spending patterns.
Key Facts
- The index base year is 2017 = 100.
- Non-durable consumer goods account for about 25% of total U.S. industrial production.
- The series dates back to 1919.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year change in the U.S. industrial production index for the non-durable consumer goods industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the broader state of the manufacturing sector and consumer demand patterns, which are key indicators of economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the manufacturing economy and consumer spending patterns, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around 2 months.
Related Trends
Employment for Management of Companies and Enterprises (NAICS 551) in the United States
IPUON551W200000000
Hours Worked for Management of Companies and Enterprises (NAICS 55) in the United States
IPUON55L201000000
Hours Worked for Management of Companies and Enterprises (NAICS 551) in the United States
IPUON551L200000000
Employment for Management of Companies and Enterprises (NAICS 55111) in the United States
IPUON55111W010000000
Employment for Management of Companies and Enterprises (NAICS 5511) in the United States
IPUON5511W201000000
Employment for Management of Companies and Enterprises (NAICS 55) in the United States
IPUON55W010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUON5511L201000000), retrieved from FRED.