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
IPUGN4237T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
-28.24%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production for the U.S. manufacturing sector. This provides valuable insights into the health and direction of the broader economy.
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 percent change in industrial production, which reflects the output of manufacturing, mining, and electric and gas utilities. It's a key barometer of economic activity and an important input for policymakers and analysts.
Methodology
The Federal Reserve calculates this metric using monthly surveys of industrial establishments.
Historical Context
Trends in industrial production are closely monitored for their implications on employment, consumer spending, and overall economic growth.
Key Facts
- The U.S. manufacturing sector accounts for about 11% of GDP.
- Industrial production reached a record high in 2022 amid the post-pandemic recovery.
- Percent change from year ago is a more reliable indicator than month-over-month data.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in industrial production for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and direction of the broader economy, with implications for employment, consumer spending, and overall growth.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this metric using monthly surveys of industrial establishments.
Q: How is this trend used in economic policy?
A: Trends in industrial production are closely monitored by policymakers and analysts for their implications on the economy.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical delay of around one month.
Related Trends
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423L021000000
Hours Worked for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L200000000
Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W201000000
Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T301000000
Employment for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W200000000
Labor Productivity for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4237T301000000), retrieved from FRED.