Sectoral Output for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
Percent Change from Year Ago
IPUGN42T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-55.32%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual change in industrial production, providing insight into the overall health of the U.S. 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. Economists and policymakers monitor this data to assess the broader economy's performance and inform decisions around monetary and fiscal policy.
Methodology
The Federal Reserve collects and calculates this index based on a comprehensive survey of national industrial activity.
Historical Context
The 'Percent Change from Year Ago' data is a key indicator used by the Federal Reserve and other institutions to evaluate economic conditions and guide policy interventions.
Key Facts
- The index covers approximately 75% of the total industrial output of the United States.
- Positive percent changes indicate expansion, while negative values signal contraction in industrial activity.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual change in the Federal Reserve's industrial production index, which tracks the monthly output of U.S. factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall health and performance of the U.S. manufacturing sector, which is a crucial component of the broader economy. Economists and policymakers use this information to assess economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on a comprehensive survey of national industrial activity.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' data is a key indicator used by the Federal Reserve and other institutions to evaluate economic conditions and guide policy interventions, such as adjustments to monetary policy or other economic stimuli.
Q: Are there update delays or limitations?
A: The industrial production index is published monthly by the Federal Reserve, with a typical release schedule that may result in a short delay between the reference period and the data's availability.
Related Trends
Employment for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234W200000000
Hours Worked for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243L200000000
Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W201000000
Sectoral Output Price Deflator for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T051000000
Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T301000000
Unit Labor Costs for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232U100000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN42T301000000), retrieved from FRED.