Sectoral Output for Manufacturing: Steel Product Manufacturing from Purchased Steel (NAICS 3312) in the United States
Percent Change from Year Ago
IPUEN3312T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.20
Year-over-Year Change
348.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend tracks the year-over-year change in the U.S. industrial production index. It provides a broad measure of manufacturing, mining, and utility 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
The 'Percent Change from Year Ago' indicator shows the annual rate of change in the Federal Reserve's industrial production index. This metric is a key gauge of economic health and helps policymakers assess the broader manufacturing and industrial sectors.
Methodology
The Federal Reserve collects and calculates this data through surveys of production facilities.
Historical Context
The industrial production trend is closely monitored by economists, investors, and policymakers for insights into the broader economy.
Key Facts
- The index covers manufacturing, mining, and utilities.
- The annual change rate helps identify economic expansions and contractions.
- Data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual rate of change in the U.S. industrial production index, a broad indicator of manufacturing, mining, and utility output.
Q: Why is this trend relevant for users or analysts?
A: The industrial production trend is a key economic indicator that helps policymakers, investors, and analysts assess the health and direction of the broader manufacturing and industrial sectors.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through surveys of production facilities and calculates the year-over-year percent change.
Q: How is this trend used in economic policy?
A: The industrial production trend is closely monitored by the Federal Reserve and other policymakers to gauge overall economic conditions and inform monetary and fiscal policy decisions.
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 one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN3312T301000000), retrieved from FRED.