Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
Percent Change from Year Ago
IPUGN4242U101000000 • 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 measures the annual rate of change in industrial production. It is a key economic indicator used to assess the health and direction of the manufacturing sector.
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 industrial production index tracks the monthly output of U.S. factories, mines, and utilities. The year-over-year percent change provides insight into broader economic growth trends and can inform monetary and fiscal policy decisions.
Methodology
The Federal Reserve collects and compiles this data based on surveys of industrial facilities.
Historical Context
Policymakers and market analysts closely monitor this index to gauge the momentum of the industrial economy.
Key Facts
- The index reached a pandemic-era low of -16.5% in April 2020.
- Industrial production has rebounded strongly, growing over 5% year-over-year as of late 2022.
- The index provides a timely signal of the industrial sector's performance.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the annual rate of change in U.S. industrial production, including factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and direction of the manufacturing sector, providing insight into broader economic growth trends.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through surveys of industrial facilities and compiles the Percent Change from Year Ago index.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this index to gauge the momentum of the industrial economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, providing timely insight into the performance of the industrial sector.
Related Trends
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L020000000
Labor Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U110000000
Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T050000000
Hours Worked for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L010000000
Labor Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425U110000000
Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L021000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4242U101000000), retrieved from FRED.