Sectoral Output for Retail Trade: Floor Covering Stores (NAICS 442210) in the United States
Percent Change from Year Ago
IPUHN442210T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-120.41%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual change in a selected economic indicator, providing insights into the pace and direction of economic growth.
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 calculates the percent change in a data series compared to the same period a year earlier. It is a widely used metric for analyzing and interpreting economic performance over time.
Methodology
The percent change is calculated by the U.S. Federal Reserve using the formula: [(Current Value - Prior Year Value) / Prior Year Value] x 100.
Historical Context
Policymakers and analysts closely monitor this trend to understand inflationary pressures, consumer demand, and broader macroeconomic conditions.
Key Facts
- The percent change from year ago is a widely used economic metric.
- It helps analysts track the pace of economic expansion or contraction.
- This trend can signal inflationary pressures or shifts in consumer demand.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual change in a selected economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for economists, policymakers, and market analysts as it helps them understand inflationary pressures, consumer demand, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve using the formula: [(Current Value - Prior Year Value) / Prior Year Value] x 100.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge inflationary pressures and make informed decisions about monetary and fiscal policies to support economic growth.
Q: Are there update delays or limitations?
A: The 'Percent Change from Year Ago' data is published regularly by the U.S. Federal Reserve with minimal update delays, providing timely insights into economic conditions.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN442210T301000000), retrieved from FRED.