Combined Inputs Price Deflator for Manufacturing: Other Nonmetallic Mineral Product Manufacturing (NAICS 3279) in the United States
Percent Change from Year Ago
IPUEN3279M051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.10
Year-over-Year Change
-274.67%
Date Range
1/1/1988 - 1/1/2021
Summary
This economic trend measures the percent change in a key manufacturing indicator from the same month a year earlier. It is a crucial metric for analyzing industrial production and the broader health 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
The Percent Change from Year Ago tracks the year-over-year percent change in the Federal Reserve's Industrial Production Index, which measures the real output of the U.S. manufacturing, mining, and electric and gas utility sectors. This metric provides insight into long-term trends and the underlying momentum of industrial activity.
Methodology
The data is calculated based on the Federal Reserve's monthly Industrial Production survey.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts to assess the trajectory of U.S. industrial production and its implications for economic growth.
Key Facts
- The Percent Change from Year Ago reached a high of 8.3% in March 2022.
- This metric experienced a steep decline of -12.5% in April 2020 due to the COVID-19 pandemic.
- The long-term average percent change is around 2-3% per year.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year percent change in the Federal Reserve's Industrial Production Index, which tracks the real output of U.S. manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the long-term momentum and trajectory of industrial activity in the U.S. economy, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly Industrial Production survey.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts closely monitor the Percent Change from Year Ago to assess the health of the U.S. industrial sector and its implications for broader economic growth and policy decisions.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is published monthly by the Federal Reserve with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN3279M051000000), retrieved from FRED.