Intermediate Inputs Intensity for Manufacturing: Motor Vehicle Parts Manufacturing (NAICS 3363) in the United States
Percent Change from Year Ago
IPUEN3363P061000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.80
Year-over-Year Change
875.00%
Date Range
1/1/1988 - 1/1/2021
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percentage change in U.S. industrial production, providing insight into the pace of the nation's manufacturing activity.
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 economic indicator tracks the annual rate of change in industrial production, an important measure of output and economic growth. Policymakers and analysts closely monitor this metric to assess the health and trajectory of the U.S. manufacturing sector.
Methodology
The Federal Reserve collects and calculates this data based on a monthly survey of industrial facilities across the country.
Historical Context
Trends in industrial production are a key input for understanding overall economic conditions and informing monetary and fiscal policy decisions.
Key Facts
- U.S. industrial production accounts for about 16% of total economic output.
- The 'Percent Change from Year Ago' trend reached a peak of 8.3% in March 2022.
- Manufacturing makes up the largest component of industrial production at around 75%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in U.S. industrial production, which includes manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: Trends in industrial production provide valuable insight into the health and direction of the U.S. manufacturing sector, a key driver of economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through a monthly survey of industrial facilities across the country and calculates the year-over-year percent change.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor industrial production to assess overall economic conditions and inform 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 (IPUEN3363P061000000), retrieved from FRED.