Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
Millions of Dollars
IPUGN4231T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
904,390.87
Year-over-Year Change
53.70%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the value of U.S. industrial production of non-durable consumer goods, which is an important indicator of consumer demand and economic 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
The Millions of Dollars industrial production index tracks the volume of manufacturing output for consumer non-durable goods. It is a key leading indicator used by economists and policymakers to assess the overall health of the U.S. economy.
Methodology
The data is collected through surveys of industrial facilities and calculated based on production volume.
Historical Context
This trend helps inform decisions around fiscal and monetary policy, as well as business investment and strategic planning.
Key Facts
- The index is published monthly by the Federal Reserve.
- Non-durable goods include items like food, clothing, and personal care products.
- Trends in this index are closely watched as a barometer of consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Millions of Dollars industrial production index measures the volume of U.S. manufacturing output for consumer non-durable goods.
Q: Why is this trend relevant for users or analysts?
A: This index is an important leading indicator of consumer demand and overall economic activity, which makes it highly relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated based on production volume.
Q: How is this trend used in economic policy?
A: Trends in this index help inform decisions around fiscal and monetary policy, as well as business investment and strategic planning.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical one-month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUGN4231T300000000), retrieved from FRED.