Real Sectoral Output for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
Percent Change from Year Ago
IPUGN4243T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-557.14%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the year-over-year percent change in an economic indicator. This metric provides insight into the momentum and direction of economic trends over time.
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 series tracks the percent change in a specified economic variable compared to the same period one year prior. It is a widely used indicator for analyzing economic growth, inflation, and other key factors.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from the same period 12 months earlier.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the health and trajectory of the economy.
Key Facts
- The percent change is calculated as the current value minus the year-ago value, divided by the year-ago value.
- Year-over-year metrics help smooth out seasonal variations in economic data.
- This trend is a leading indicator for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year percent change in an economic indicator, providing insight into the momentum and direction of economic trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and investors to gauge the health and trajectory of the economy, as it helps identify inflationary pressures and economic growth patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent change between the current value and the value from the same period 12 months earlier.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this metric to inform their monetary policy decisions, as the year-over-year percent change is a leading indicator of inflation and economic conditions.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a regular schedule, with minimal delays. However, the metric may be subject to revisions as more complete information becomes available.
Related Trends
Unit Labor Costs for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249U100000000
Real Sectoral Output for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233T010000000
Real Sectoral Output for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233T011000000
Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L020000000
Labor Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L020000000
Hours Worked for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4243T011000000), retrieved from FRED.