Labor Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
Percent Change from Year Ago
IPUGN4237L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-6.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in U.S. industrial production. It is a key economic indicator used to assess the health and growth of the manufacturing sector.
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 percent change in the Federal Reserve's Industrial Production Index, which measures the real output of the U.S. manufacturing, mining, and utility sectors. It is a widely followed metric that provides insight into overall economic conditions and the performance of industry.
Methodology
The Federal Reserve calculates this index based on survey data from manufacturing, mining, and utility companies.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the strength of the industrial economy and inform decisions around monetary and fiscal policy.
Key Facts
- The Industrial Production Index is a key metric of U.S. manufacturing activity.
- Year-over-year changes in industrial production signal broader economic trends.
- Sustained declines in industrial production can indicate an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in the Federal Reserve's Industrial Production Index, which tracks real output across the U.S. manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and growth of the industrial economy, which is a critical driver of overall U.S. economic performance. It is closely monitored by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on survey data from companies in the manufacturing, mining, and utility sectors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of industrial activity and the broader economy, informing decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical one-month delay between the end of the reference period and the release of the data.
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IPUGN42U121000000
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IPUGN4238L021000000
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IPUGN4238W000000000
Real Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4237L021000000), retrieved from FRED.