Business Applications for Iowa
Percent Change from Year Ago
BUSAPPWNSAIAYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.67
Year-over-Year Change
-107.28%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in the shipments of business applications for core technology-based businesses. This provides insight into the evolving demand for innovative technologies across 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 shipments of products and services related to core business applications, software, and technologies. It offers a timely gauge of investment and innovation within the private sector.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of businesses.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the health and dynamism of the technology sector.
Key Facts
- The trend reached a peak of 37.7% in Q4 2020.
- It remained above 20% year-over-year through the first half of 2022.
- Technology sectors have been a key driver of economic growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percent change in shipments of business applications, software, and related technology products and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into investment, innovation, and growth within the technology sector, which is a critical driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health and dynamism of the technology industry, which has major implications for overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks, so there may be some delay in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (BUSAPPWNSAIAYY), retrieved from FRED.