Labor Share for Manufacturing: Forging and Stamping (NAICS 33211) in the United States
Percent Change from Year Ago
IPUEN33211L031000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.90
Year-over-Year Change
-90.72%
Date Range
1/1/1988 - 1/1/2022
Summary
This metric measures the year-over-year percent change in the Industrial Production Index, providing insight into the health and direction of the manufacturing sector.
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 Industrial Production Index tracks the real output of U.S. manufacturing, mining, and electric and gas utilities. The year-over-year percent change is a key economic indicator used by policymakers and analysts to assess trends in industrial activity and economic growth.
Methodology
The Federal Reserve collects and aggregates data from domestic industrial establishments to calculate the monthly Industrial Production Index.
Historical Context
This metric informs monetary and fiscal policy decisions, as well as market and investment analysis.
Key Facts
- The Industrial Production Index measures real output, not just sales.
- Year-over-year percent change smooths out month-to-month volatility.
- The metric provides an early signal of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in the Industrial Production Index, which tracks the real output of U.S. manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year percent change in industrial production is a key economic indicator used by policymakers and analysts to assess trends in manufacturing activity and broader economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and aggregates data from domestic industrial establishments to calculate the monthly Industrial Production Index.
Q: How is this trend used in economic policy?
A: This metric informs monetary and fiscal policy decisions, as well as market and investment analysis, by providing insights into the health and direction of the manufacturing sector.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly by the Federal Reserve, with a typical delay of around two weeks from the end of the reference month.
Related Trends
Real Sectoral Output for Manufacturing: Motor Vehicle Parts Manufacturing (NAICS 3363) in the United States
IPUEN3363T010000000
Manufacturing Sector: Materials Costs
MPU9900651
Employment for Manufacturing: Poultry Processing (NAICS 311615) in the United States
IPUEN311615W201000000
Combined Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States
IPUEN31311M021000000
Output per Worker for Manufacturing: Lime and Gypsum Product Manufacturing (NAICS 3274) in the United States
IPUEN3274W000000000
Employment for Manufacturing: Ship and Boat Building (NAICS 33661) in the United States
IPUEN33661W010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN33211L031000000), retrieved from FRED.