Labor Productivity for Retail Trade: Other Gasoline Stations (NAICS 44719) in the United States
Percent Change from Year Ago
IPUHN44719L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
-1416.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in U.S. industrial production, providing insight into the pace of the country's manufacturing activity.
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 tracks the annual percent change in the Federal Reserve's Industrial Production Index, which covers output from manufacturing, mining, and electric and gas utilities. It is a key economic indicator used by policymakers and analysts to assess the health and trajectory of the U.S. industrial sector.
Methodology
The Federal Reserve collects and calculates this data through surveys of industrial facilities.
Historical Context
Monitoring this trend helps inform decisions around monetary and fiscal policy, as well as business investment and production planning.
Key Facts
- The U.S. industrial production index covers approximately 75% of total industrial activity.
- Percent change from a year ago is a widely followed metric for assessing the manufacturing sector's performance.
- Industrial production is a leading economic indicator, providing early signals of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual change in U.S. industrial production, which encompasses manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and momentum of the U.S. industrial sector, a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data through surveys of industrial facilities and calculates the year-over-year percent change in the Industrial Production Index.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps inform decisions around monetary and fiscal policy, as well as business investment and production planning.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a monthly basis, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN44719L001000000), retrieved from FRED.