Contribution of Capital Intensity to Labor Productivity for Manufacturing: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (NAICS 33341) in the United States
Percent Change from Year Ago
IPUEN33341C071000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-200.00%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in an economic indicator, providing insights into economic trends and growth patterns.
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 metric measures the percent change in a given economic indicator compared to the same period a year earlier. It is a widely used statistic that helps analysts and policymakers assess the direction and pace of economic activity.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to gauge the health and trajectory of the U.S. economy.
Key Facts
- The percent change from year ago is a key metric for evaluating economic performance.
- Year-over-year comparisons help smooth out seasonal variations in economic data.
- Positive percent changes indicate economic expansion, while negative values signal contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year change in an economic indicator, providing insights into economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, investors, and policymakers to assess the direction and pace of economic activity, helping to gauge the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to help inform decisions and assess the effectiveness of economic policies aimed at promoting growth and stability.
Q: Are there update delays or limitations?
A: The percent change from year ago data is published regularly by the Federal Reserve, with minimal delays, providing timely insights into economic performance.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN33341C071000000), retrieved from FRED.