Real Sectoral Output for Manufacturing: Automobile Manufacturing (NAICS 336111) in the United States
Percent Change from Year Ago
IPUEN336111T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.20
Year-over-Year Change
-91.06%
Date Range
1/1/1988 - 1/1/2021
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in industrial production, a key indicator of economic activity and manufacturing output.
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 series measures the percent change in industrial production compared to the same month of the previous year. It provides insights into the momentum and direction of the broader economy by capturing changes in manufacturing, mining, and utilities sectors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Economists and policymakers closely monitor this metric to assess the health of the industrial sector and the overall economy.
Key Facts
- The series is released monthly by the Federal Reserve.
- Industrial production accounts for about 20% of the U.S. economy.
- The metric helps identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in U.S. industrial production, which includes manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The percent change in industrial production is a key indicator of economic health and manufacturing activity, providing insights into the broader direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the strength of the industrial sector and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The percent change in industrial production is released monthly by the Federal Reserve, with a typical delay of a few weeks from the end of the reporting period.
Related Trends
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IPUEN32111W200000000
Employment for Manufacturing: Miscellaneous Manufacturing (NAICS 339) in the United States
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Labor Compensation for Manufacturing: Engine, Turbine, and Power Transmission Equipment Manufacturing (NAICS 33361) in the United States
IPUEN33361U110000000
Unit Labor Costs for Manufacturing: Foundries (NAICS 3315) in the United States
IPUEN3315U100000000
Unit Labor Costs for Manufacturing: Electrical Equipment Manufacturing (NAICS 33531) in the United States
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Manufacturing Sector: Hourly Compensation for All Workers
COMPMS
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN336111T011000000), retrieved from FRED.