Capital Share for Manufacturing: Metalworking Machinery Manufacturing (NAICS 3335) in the United States
Percent Change from Year Ago
IPUEN3335C031000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.10
Year-over-Year Change
-267.86%
Date Range
1/1/1988 - 1/1/2021
Summary
This economic indicator measures the percent change in industrial production from the same month a year ago. It provides insights into the overall health and direction of the U.S. 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 Percent Change from Year Ago is a key metric for tracking industrial production trends over time. It compares the current month's industrial production index value to the same month in the previous year, revealing growth or contraction patterns in the U.S. manufacturing base.
Methodology
The data is collected through monthly surveys of industrial facilities and then calculated as a percent change from the prior year.
Historical Context
This indicator is closely watched by economists, policymakers, and financial markets as a barometer of economic conditions and manufacturing activity.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- Industrial production has historically been a leading economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in the U.S. industrial production index, providing insights into the health of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key barometer of economic conditions and an important input for policymakers, economists, and investors analyzing the state of the U.S. manufacturing base.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial facilities and then calculated as a percent change from the same month in the prior year.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor industrial production trends to assess the overall health of the economy and guide 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 (IPUEN3335C031000000), retrieved from FRED.