Output per Worker for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
Percent Change from Year Ago
IPUPN5615W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
325.00%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production for nondurable consumer goods. This metric is a key indicator of economic growth 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
This industrial production index tracks changes in the output of nondurable consumer goods, which include items like food, clothing, and other household necessities. Economists and policymakers closely monitor this data to assess the strength of consumer spending and the overall health of the manufacturing sector.
Methodology
The Federal Reserve collects this data through surveys of industrial facilities across the United States.
Historical Context
The 'Percent Change from Year Ago' trend is used to inform monetary and fiscal policy decisions that can impact consumer and business confidence.
Key Facts
- Nondurable consumer goods account for over 25% of total industrial production.
- The year-over-year percent change reached a high of 12.4% in 2021.
- Declines in this metric can signal an economic downturn.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the production of nondurable consumer goods, which include items like food, clothing, and other household necessities.
Q: Why is this trend relevant for users or analysts?
A: The 'Percent Change from Year Ago' trend is a key indicator of consumer demand and the overall health of the manufacturing sector, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through surveys of industrial facilities across the United States.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' trend is used to inform monetary and fiscal policy decisions that can impact consumer and business confidence.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN5615W001000000), retrieved from FRED.