Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
Percent Change from Year Ago
IPUGN4241T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.10
Year-over-Year Change
61.54%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in industrial production for the total index. This metric is a key indicator of economic activity and 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 is a widely tracked measure of the annual change in industrial production, a critical component of overall economic performance. It is used by economists, policymakers, and analysts to gauge the strength and trajectory of the manufacturing and industrial sectors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Percent Change from Year Ago is closely monitored for insights into monetary and fiscal policy decisions.
Key Facts
- Percent Change from Year Ago is reported monthly.
- The index covers a broad range of manufacturing, mining, and utilities activity.
- Positive values indicate year-over-year expansion, negative values contraction.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the annual change in total industrial production, providing insight into the health and performance of the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key leading indicator of overall economic activity and growth, used by policymakers, investors, and analysts to gauge the trajectory of the industrial and manufacturing components of the economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial facilities and calculated as the percent change from the same month in the previous year.
Q: How is this trend used in economic policy?
A: The Percent Change from Year Ago is closely monitored by the Federal Reserve and other policymakers as an input into monetary policy decisions and assessments of the broader economic environment.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is released monthly with a typical 2-week lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Real Sectoral Output for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T010000000
Labor Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U110000000
Hours Worked for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L200000000
Employment for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241W201000000
Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000
Labor Compensation for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L020000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4241T301000000), retrieved from FRED.