Combined Inputs Costs for Manufacturing: Commercial and Service Industry Machinery (NAICS 3333) in the United States
Percent Change from Year Ago
IPUEN3333M021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.20
Year-over-Year Change
305.71%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percentage change in an economic indicator, providing insight into the pace and direction of economic activity.
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 trend is a widely used metric that allows economists and policymakers to analyze the performance of the economy over time, identifying periods of growth, stagnation, or contraction. It is particularly useful for highlighting broader economic trends beyond short-term fluctuations.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current month's value and the value from the same month one year prior.
Historical Context
This trend is closely monitored by analysts, investors, and policymakers to inform decisions about macroeconomic policies and market strategies.
Key Facts
- The percent change from year ago is calculated as a year-over-year percentage change.
- This metric provides a longer-term perspective on economic trends compared to month-over-month changes.
- Analyzing the percent change from year ago can help identify turning points in the economic cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year percentage change in an economic indicator, providing insight into the pace and direction of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a widely used metric that allows economists and policymakers to analyze the performance of the economy over time, identifying periods of growth, stagnation, or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent change between the current month's value and the value from the same month one year prior.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by analysts, investors, and policymakers to inform decisions about macroeconomic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with typical delays of 1-2 months.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN3333M021000000), retrieved from FRED.