Real Value-Added Output for Private Nonfarm in Indiana
Percent Change from Year Ago
IPUZNT011180000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
200.00%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual change in industrial production, providing insight into the broader state of the U.S. 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
This economic indicator tracks the year-over-year percent change in the Federal Reserve's Industrial Production Index, which measures the real output of the manufacturing, mining, and electric and gas utility industries.
Methodology
The data is collected through surveys of industrial facilities and calculated as a percentage change from the prior year.
Historical Context
Analysts and policymakers use this metric to gauge the health and momentum of the industrial sector and overall economy.
Key Facts
- The Industrial Production Index covers around 75% of total industrial activity.
- Positive year-over-year growth indicates an expanding industrial sector.
- This metric is considered a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual change in the Federal Reserve's Industrial Production Index, providing insight into the performance and momentum of the U.S. industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an important leading indicator of broader economic growth and health. It offers timely signals about the strength of industrial activity and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as the percentage change in the Industrial Production Index from the prior year.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge the momentum of the industrial sector and make informed decisions about monetary and fiscal policies to support economic growth.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is released monthly by the Federal Reserve, with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT011180000), retrieved from FRED.