Labor Productivity for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
Percent Change from Year Ago
IPUGN4239L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.60
Year-over-Year Change
-40.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insights into the pace of economic growth or decline.
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 trend represents the percent change in a selected economic indicator compared to the same period a year earlier. It is a widely used metric for analyzing economic performance and identifying emerging trends over time.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current value of an indicator to its value from the previous year.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength and direction of the economy.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- This metric is widely used to track the performance of various economic sectors.
- Year-over-year comparisons help smooth out seasonal and short-term fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insights into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and market analysts to assess the strength and direction of the economy over time.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current value of an indicator to its value from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to evaluate the effectiveness of their policies and make informed decisions about economic management.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is typically released on a regular schedule, with some potential for minor delays depending on the source indicator.
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Real Sectoral Output for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4239L001000000), retrieved from FRED.