Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-7.41%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States measures changes in the prices received by wholesalers for their output. This metric is a key indicator of inflationary pressures and price dynamics in the machinery and equipment wholesale 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 sectoral output price deflator tracks the average change in prices charged by wholesale merchants in the machinery, equipment, and supplies industry (NAICS 4238). It provides insight into the underlying cost environment and pricing power of this key wholesale segment, which serves as an important link between manufacturers and end users.
Methodology
The data is collected through surveys of wholesale establishments and calculated as a chain-type price index.
Historical Context
Economists and policymakers monitor this metric to assess the state of the wholesale trade industry and its influence on broader inflationary trends.
Key Facts
- The base year for this index is 2012 = 100.
- Wholesale trade accounts for approximately 6% of U.S. GDP.
- The machinery and equipment wholesale sector is a bellwether for business investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices received by wholesale merchants in the machinery, equipment, and supplies industry (NAICS 4238).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the underlying cost environment and pricing power of this key wholesale segment, which serves as an important link between manufacturers and end users.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale establishments and calculated as a chain-type price index.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the state of the wholesale trade industry and its influence on broader inflationary trends.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States (IPUGN4238T051000000), retrieved from FRED.