Sectoral Output for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
Percent Change from Year Ago
IPUGN423T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-46.27%
Date Range
1/1/1988 - 1/1/2024
Summary
This measure tracks the year-over-year percent change in industrial production, a key indicator 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
The Percent Change from Year Ago for Industrial Production is a widely-used metric that provides insight into the health and direction of the manufacturing sector. It compares the current month's industrial production index to the same month in the prior year, giving economists and policymakers a sense of the momentum in the broader economy.
Methodology
The Federal Reserve calculates this index using data on output from a range of manufacturing, mining, and utility sectors.
Historical Context
Changes in industrial production can signal shifts in consumer demand, business investment, and broader macroeconomic conditions.
Key Facts
- Industrial production accounts for about 20% of U.S. economic activity.
- The percent change from a year ago reached a 40-year high of 6.9% in March 2022.
- This metric helps policymakers assess the need for adjustments to monetary or fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago for Industrial Production tracks the year-over-year percent change in manufacturing, mining, and utility output, providing insight into the health of the broader economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely followed by economists, investors, and policymakers as an important indicator of economic growth and the strength of the manufacturing sector.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index using detailed output data from a range of manufacturing, mining, and utility industries.
Q: How is this trend used in economic policy?
A: Changes in industrial production can signal shifts in consumer demand, business investment, and broader macroeconomic conditions, informing policy decisions by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve with a typical lag of around six weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN423T301000000), retrieved from FRED.