Real Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
Percent Change from Year Ago
IPUGN4241T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.60
Year-over-Year Change
136.36%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in a selected economic indicator. It is a widely used metric for assessing economic growth and inflationary trends.
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 indicator calculates the percent change in a data series compared to the same period in the previous year. It provides insight into the pace and direction of economic activity, allowing analysts to identify emerging trends and inform policy decisions.
Methodology
The percent change is calculated by taking the difference between the current value and the value from the same period a year prior, divided by the prior year value.
Historical Context
Policymakers and market participants closely monitor this metric to gauge the health of the economy and inform interest rate, fiscal, and investment decisions.
Key Facts
- The percent change can be positive or negative, indicating expansion or contraction.
- It is a lagging indicator, reflecting economic conditions from the prior year.
- Year-over-year comparisons help smooth out seasonal fluctuations in the data.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in a selected economic indicator, providing insight into the pace and direction of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and market participants to assess economic growth, inflationary pressures, and overall economic health, informing important decisions.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current value and the value from the same period a year prior, divided by the prior year value.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this metric to gauge the health of the economy and inform interest rate, fiscal, and investment decisions.
Q: Are there update delays or limitations?
A: As a lagging indicator, the Percent Change from Year Ago reflects economic conditions from the prior year, and may not capture more recent changes in the economy.
Related Trends
Hourly Compensation for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232U120000000
Unit Labor Costs for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U100000000
Hours Worked for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L010000000
Employment for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245W010000000
Sectoral Output Price Deflator for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T050000000
Sectoral Output for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T301000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4241T011000000), retrieved from FRED.