Real Sectoral Output for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
Percent Change from Year Ago
IPUGN4237T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-36.51%
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, a key indicator of economic activity and manufacturing health.
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 tracks the annual percent change in the Federal Reserve's industrial production index, which covers output from manufacturing, mining, and utilities. It is a widely followed gauge of the U.S. economy's industrial sector performance.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
Policymakers and analysts use this metric to assess the strength and trajectory of the U.S. economy's industrial base.
Key Facts
- The series has been published monthly since 1919.
- The all-time high was 17.1% in April 1973.
- The all-time low was -20.5% in May 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in U.S. industrial production, including manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This metric is a closely watched indicator of the health and direction of the U.S. economy's industrial and manufacturing base, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength and trajectory of the U.S. industrial sector, which informs decisions around monetary policy, trade, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around six weeks from the end of the reference period.
Related Trends
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IPUGN4239T051000000
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Sectoral Output Price Deflator for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4237T011000000), retrieved from FRED.