Sectoral Output for Manufacturing: Other Electrical Equipment and Component Manufacturing (NAICS 3359) in the United States
Percent Change from Year Ago
IPUEN3359T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-44.44%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago metric measures the year-over-year change in a given economic indicator. It is a key metric used by economists and policymakers to analyze economic trends and performance.
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 common statistic used to track changes in economic indicators like production, employment, or prices over time. It compares the current value of a metric to its value from the same period a year earlier, providing context on the pace and direction of economic changes.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent difference between the current month's value and the corresponding month's value from the previous year.
Historical Context
Policymakers and analysts closely monitor year-over-year changes to gauge the overall health and trajectory of the economy.
Key Facts
- The metric is reported monthly by the Federal Reserve.
- It provides a standardized way to compare economic data over time.
- Year-over-year changes help identify sustained economic patterns.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in a given economic indicator, providing insight into the pace and direction of economic changes.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to assess the overall health and trajectory of the economy by comparing current economic conditions to the previous year.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent difference between the current month's value and the corresponding month's value from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor year-over-year changes in economic indicators to gauge the overall health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly by the Federal Reserve with minimal delays, providing timely insights into recent economic trends.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN3359T301000000), retrieved from FRED.