Sectoral Output for Retail Trade: Pharmacies and Drug Stores (NAICS 44611) in the United States
Percent Change from Year Ago
IPUHN44611T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
-650.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insight into the pace of economic growth or decline.
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 metric compares the current value of an indicator to its value from the same period a year earlier, expressing the change as a percentage. It is a widely used tool for analyzing economic trends and identifying turning points in the business cycle.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the health and direction of the economy.
Key Facts
- Measures the annual rate of change in an economic indicator.
- Helps identify periods of economic expansion and contraction.
- Used by policymakers and analysts to monitor the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and investors to analyze economic trends and identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge the health and direction of the economy, informing decision-making on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with minimal delays, providing a timely indicator of economic conditions.
Related Trends
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Real Sectoral Output for Retail Trade: Department Stores (NAICS 452210) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN44611T301000000), retrieved from FRED.