Labor Productivity for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
Percent Change from Year Ago
IPUGN4244L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.00
Year-over-Year Change
-162.50%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in U.S. industrial production. It provides insight into the overall 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 series tracks the percentage change in the Federal Reserve's Industrial Production Index compared to the same month a year earlier. It is a key indicator of economic activity and can signal shifts in consumer and business demand.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the strength of the U.S. economy.
Key Facts
- The industrial production index measures real output for all facilities located in the United States manufacturing, mining, and electric and gas utilities.
- Manufacturing accounts for about 75% of the total index.
- The index is a widely followed indicator of the U.S. economy's health.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in U.S. industrial production, providing insight into the overall health and direction of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and can signal shifts in consumer and business demand, making it closely monitored by policymakers and analysts to gauge the strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the health of the manufacturing sector and the broader U.S. economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical delay of around one month.
Related Trends
Labor Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L020000000
Hours Worked for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L010000000
Real Sectoral Output for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T011000000
Labor Productivity for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L000000000
Output per Worker for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244W001000000
Output per Worker for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247W001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4244L001000000), retrieved from FRED.