Sectoral Output for Manufacturing: Metalworking Machinery Manufacturing (NAICS 33351) in the United States
Percent Change from Year Ago
IPUEN33351T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
-113.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insights into the pace of economic growth or decline.
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 compares the current value of an economic indicator to its value from the same period a year earlier, expressed as a percentage change. It is a widely used tool for analyzing economic trends and evaluating the performance of various sectors.
Methodology
The data is calculated by the U.S. Federal Reserve using official government statistics.
Historical Context
Policymakers and analysts closely monitor this trend to assess the overall health and direction of the economy.
Key Facts
- The metric is calculated as the percentage change between the current value and the value from the same period a year earlier.
- It provides a relative measure of economic performance, allowing for comparison across time periods.
- Percent Change from Year Ago is a leading indicator used to identify changes in the pace of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insights into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and market analysts to assess the overall health and direction of the economy, as it allows for the identification of changes in the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official government statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the Percent Change from Year Ago to evaluate the performance of various sectors and inform their decision-making on economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as the underlying economic indicators, which may result in occasional delays or changes to the reported values.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN33351T301000000), retrieved from FRED.