Employment for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
Percent Change from Year Ago
IPUGN4248W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
-32.14%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in the US Industrial Production Index, providing insight into the health and growth 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 economic indicator tracks the annual percentage change in the Federal Reserve's Industrial Production Index, which measures the real output of US factories, mines, and utilities. It is a key metric for analyzing industrial activity and economic performance.
Methodology
The data is compiled by the Federal Reserve based on surveys of industrial facilities.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the broader state of the US economy and guide policy decisions.
Key Facts
- The US Industrial Production Index covers approximately 75% of US industrial activity.
- The index is a key input for GDP and other major economic metrics.
- Sustained growth in industrial production often signals a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percentage change in the Federal Reserve's Industrial Production Index, providing insight into the health of the US manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic performance, as the industrial sector is a major driver of GDP growth. It helps policymakers and market participants assess the state of the economy.
Q: How is this data collected or calculated?
A: The data is compiled by the Federal Reserve based on surveys of industrial facilities across the US.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this trend closely to gauge the strength of the manufacturing sector and broader economic conditions, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical release lag of around 2 weeks. The index may not fully capture some emerging industries or technologies.
Related Trends
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Labor Productivity for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
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Output per Worker for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
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Sectoral Output Price Deflator for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
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Hours Worked for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4248W201000000), retrieved from FRED.