Hours Worked for Retail Trade: Hardware Stores (NAICS 44413) in the United States
Percent Change from Year Ago
IPUHN44413L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-238.46%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in industrial production for the U.S. manufacturing sector. This key economic indicator provides insights into broader production and economic trends.
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 measures the annual percentage change in total industrial production for the manufacturing industry in the United States. It is a vital indicator of the health and direction of the U.S. economy, as manufacturing is a major driver of GDP.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
This metric is closely watched by policymakers, analysts, and investors to gauge the momentum of the U.S. economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The metric reached a recent peak of 6.7% in 2021.
- Negative values indicate contracting industrial production.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percentage change in total industrial production for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: As a key indicator of economic health, this metric provides valuable insights into the momentum and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this metric to gauge the strength of the U.S. economy and inform their decision-making.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical lag of around one month.
Related Trends
Output per Worker for Retail Trade: Building Material and Supplies Dealers (NAICS 4441) in the United States
IPUHN4441W001000000
Sectoral Output Price Deflator for Retail Trade: Clothing Accessories Stores (NAICS 448150) in the United States
IPUHN448150T051000000
Real Sectoral Output for Retail Trade: Electronics Stores (NAICS 443142) in the United States
IPUHN443142T011000000
Sectoral Output Price Deflator for Retail Trade: Beer, Wine, and Liquor Stores (NAICS 445310) in the United States
IPUHN445310T051000000
Unit Labor Costs for Retail Trade: Home Centers (NAICS 444110) in the United States
IPUHN444110U100000000
Labor Compensation for Retail Trade: General Merchandise Stores (NAICS 452) in the United States
IPUHN452L021000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN44413L201000000), retrieved from FRED.