Output per Worker for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Percent Change from Year Ago
IPUGN4238W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.50
Year-over-Year Change
-350.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the year-over-year percent change in the US industrial production index, providing insight into the pace of manufacturing activity and economic growth.
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 measure compares the current level of industrial production to the same month one year prior, capturing the annual rate of change. It is a key economic indicator used by policymakers, analysts, and businesses to assess the health and momentum of the US industrial sector.
Methodology
The data is calculated by the Federal Reserve based on monthly surveys of manufacturing facilities.
Historical Context
This trend helps inform macroeconomic analysis and monetary policy decisions.
Key Facts
- The industrial production index measures output from manufacturing, mining, and utilities sectors.
- Year-over-year percent changes help identify turning points in the business cycle.
- Manufacturing accounts for about 11% of US GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual rate of change in US industrial production, which encompasses manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the momentum and health of the US industrial sector, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this metric based on monthly surveys of production facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions monitor this indicator to inform macroeconomic analysis and monetary policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around one month.
Related Trends
Labor Productivity for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L000000000
Labor Productivity for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244L000000000
Labor Productivity for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L001000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W001000000
Hours Worked for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L200000000
Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T300000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4238W001000000), retrieved from FRED.