Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
643,361.93
Year-over-Year Change
93.65%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the wholesale trade sector for drugs and druggists' sundries merchant wholesalers in the United States. It provides important insights into the health and productivity of this key industry segment.
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 Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States tracks the total volume of production and sales activities within this wholesale subsector. It serves as a valuable indicator of demand and supply dynamics in the pharmaceutical distribution supply chain.
Methodology
The data is collected through surveys of businesses in this industry by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to assess the state of the pharmaceutical wholesale market.
Key Facts
- The wholesale trade sector accounts for over $6 trillion in annual sales in the U.S.
- Drugs and druggists' sundries merchant wholesalers comprise a $500 billion industry segment.
- This metric reflects the overall health of the pharmaceutical supply chain.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output and sales activities of the wholesale trade sector for drugs and druggists' sundries merchant wholesalers (NAICS 42421) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and demand dynamics of the pharmaceutical distribution supply chain, which is a key segment of the broader wholesale trade industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, industry analysts, and investors to assess the state of the pharmaceutical wholesale market and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some lags in reporting due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States (IPUGN42421T300000000), retrieved from FRED.