Employment for Retail Trade: Automotive Parts and Accessories Stores (NAICS 441310) in the United States
Percent Change from Year Ago
IPUHN441310W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-500.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in industrial production for the U.S. manufacturing sector. This metric is a key indicator of economic activity and helps policymakers assess the health of the broader economy.
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
The 'Percent Change from Year Ago' indicator tracks the year-over-year change in the Federal Reserve's industrial production index for the manufacturing industry. It provides insights into the production output and operational performance of U.S. factories, a critical component of GDP.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of manufacturing facilities.
Historical Context
This trend is widely monitored by economists, policymakers, and market analysts to gauge the momentum and direction of the U.S. economy.
Key Facts
- Manufacturing accounts for about 12% of U.S. GDP.
- The index tracks 312 individual manufacturing industries.
- Annual production growth has averaged 1.7% since 1972.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual rate of change in industrial production for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and performance of the U.S. manufacturing industry, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the momentum and direction of the U.S. economy and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical lag of around six weeks.
Related Trends
Hours Worked for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120L200000000
Labor Compensation for Retail Trade: Direct Selling Establishments (NAICS 4543) in the United States
IPUHN4543L020000000
Real Sectoral Output for Retail Trade: Men's Clothing Stores (NAICS 44811) in the United States
IPUHN44811T011000000
Output per Worker for Retail Trade: Gift, Novelty, and Souvenir Stores (NAICS 45322) in the United States
IPUHN45322W000000000
Unit Labor Costs for Retail Trade: Clothing and Clothing Accessories Stores (NAICS 448) in the United States
IPUHN448U101000000
Unit Labor Costs for Retail Trade: Women's Clothing Stores (NAICS 44812) in the United States
IPUHN44812U101000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN441310W201000000), retrieved from FRED.