Value-Added Output for Private Nonfarm in the District of Columbia
Percent Change from Year Ago
IPUZNT301110000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
56.41%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in industrial production, an important gauge of the U.S. economy's manufacturing and mining output.
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 series tracks the year-over-year percent change in the Federal Reserve's industrial production index, which covers manufacturing, mining, and electric and gas utilities. It provides a high-level snapshot of industrial sector growth and is closely monitored by economists and policymakers.
Methodology
The data is calculated from the monthly industrial production index released by the Federal Reserve.
Historical Context
The industrial production trend is a key economic indicator used to assess the health and direction of the U.S. manufacturing and industrial sectors.
Key Facts
- The industrial production index covers about 75% of the total industrial output of the United States.
- Industrial production has grown at an average annual rate of 3.5% since 1972.
- The industrial production trend is closely watched as a leading indicator of the broader U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in the Federal Reserve's industrial production index, which covers manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a high-level snapshot of growth in the U.S. industrial sector, which is an important gauge of overall economic health and direction.
Q: How is this data collected or calculated?
A: The data is calculated from the monthly industrial production index released by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The industrial production trend is closely monitored by economists and policymakers as a leading indicator of the broader U.S. economy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around 2 months.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT301110000), retrieved from FRED.