Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
Percent Change from Year Ago
IPUGN424210U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the yearly percent change in the Industrial Production: Manufacturing (NAICS) index, a key indicator of manufacturing activity and economic health.
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 year-over-year percent change in the seasonally adjusted index of industrial production for the manufacturing sector, providing insights into broader economic conditions and the strength of the manufacturing industry.
Methodology
The Federal Reserve collects and calculates this index based on monthly surveys of industrial facilities.
Historical Context
Policymakers and market analysts closely monitor this metric to assess the performance and outlook of the manufacturing sector.
Key Facts
- The index has a base year of 2017 = 100.
- Manufacturing accounts for over 75% of total industrial production in the U.S.
- The index tracks over 300 products across 19 major manufacturing industries.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year percent change in the industrial production index for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and outlook of the manufacturing industry, which is a crucial driver of broader economic activity and growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects monthly survey data from industrial facilities and calculates the seasonally adjusted index of industrial production for the manufacturing sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the health of the manufacturing industry and make informed decisions about economic and monetary policy.
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
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IPUGN4251W001000000
Real Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T010000000
Hourly Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241U120000000
Labor Productivity for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
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Hourly Compensation for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42U121000000
Employment for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424210U101000000), retrieved from FRED.