Employment for Retail Trade: Gasoline Stations with Convenience Stores (NAICS 44711) in the United States
Percent Change from Year Ago
IPUHN44711W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-66.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual percent change in industrial production for nondurable consumer goods. This metric is a key indicator of the overall health and direction of the U.S. 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
This series tracks the year-over-year percent change in the Federal Reserve's industrial production index for nondurable consumer goods. It provides insight into the manufacturing and distribution of non-durable items like food, clothing, and household products that make up a significant portion of consumer spending.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
This metric is closely watched by economists, policymakers, and market analysts to assess consumer demand and the trajectory of the broader economy.
Key Facts
- Nondurable consumer goods make up over 25% of total U.S. industrial production.
- The annual percent change in this metric has ranged from -10% to +10% over the past decade.
- Changes in nondurable production can signal shifts in consumer spending and overall economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percent change in the Federal Reserve's industrial production index for nondurable consumer goods.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the manufacturing and distribution of non-durable consumer items, which are a significant component of the U.S. economy. Changes in nondurable production can signal shifts in consumer demand and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: This metric is closely watched by economists, policymakers, and market analysts to assess consumer demand and the trajectory of the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical 1-2 month lag.
Related Trends
Labor Productivity for Retail Trade: Cosmetics, Beauty Supplies, and Perfume Stores (NAICS 44612) in the United States
IPUHN44612L001000000
Output per Worker for Retail Trade: Office Supplies and Stationery Stores (NAICS 453210) in the United States
IPUHN453210W001000000
Output per Worker for Retail Trade: Tire Dealers (NAICS 44132) in the United States
IPUHN44132W001000000
Labor Productivity for Retail Trade: New Car Dealers (NAICS 441110) in the United States
IPUHN441110L000000000
Real Sectoral Output for Retail Trade: Clothing Stores (NAICS 4481) in the United States
IPUHN4481T010000000
Real Sectoral Output for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120T011000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN44711W201000000), retrieved from FRED.