Labor Compensation for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States
Percent Change from Year Ago
IPUEN3364L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
72.88%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in the US industrial production index for the manufacturing subsector of the Electrical Equipment, Appliance, and Component industry.
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 provides insight into the performance and growth trends of the electrical equipment manufacturing industry, which is a key component of the broader US manufacturing sector and economy.
Methodology
The data is collected and calculated by the US Federal Reserve as part of the monthly industrial production report.
Historical Context
Economists and policymakers monitor this indicator to assess the health and trajectory of domestic manufacturing activity.
Key Facts
- The series has data from 1972 to present.
- The all-time high was 35.3% in May 2021.
- The all-time low was -25.9% in April 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the US industrial production index for the Electrical Equipment, Appliance, and Component manufacturing subsector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the growth and performance of the electrical equipment manufacturing industry, which is an important component of the overall US manufacturing sector and economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the US Federal Reserve as part of the industrial production report.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the health and trajectory of domestic manufacturing activity, which informs economic forecasting and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Capital Intensity for Manufacturing: Petroleum and Coal Products Manufacturing (NAICS 324) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUEN3364L021000000), retrieved from FRED.