Sectoral Output Price Deflator for Retail Trade: Sporting Goods Stores (NAICS 45111) in the United States
Percent Change from Year Ago
IPUHN45111T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
-158.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend tracks the annual percentage change in the U.S. industrial production index, providing insight into the health and trajectory of the manufacturing sector.
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 measures the year-over-year percentage change in the Federal Reserve's industrial production index, which covers manufacturing, mining, and utilities. It is a widely watched metric for assessing the overall state of the U.S. economy and its manufacturing base.
Methodology
The data is calculated by the U.S. Federal Reserve using production and shipment information from a sample of companies across key industrial sectors.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the direction of the economy and inform decisions around monetary and fiscal policy.
Key Facts
- The industrial production index covers approximately 75% of total U.S. industrial output.
- A positive year-over-year change signals expanding manufacturing activity.
- The metric is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend tracks the annual percentage change in the U.S. industrial production index, providing insight into the health and trajectory of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a widely watched indicator of the overall state of the U.S. economy, as it reflects the performance of key industrial sectors like manufacturing, mining, and utilities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and shipment information from a sample of companies across key industrial sectors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the direction of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The metric is released monthly by the Federal Reserve with a relatively short lag, providing timely insight into industrial production.
Related Trends
Employment for Retail Trade: Sporting Goods, Hobby, Book, and Music Stores (NAICS 451) in the United States
IPUHN451W200000000
Sectoral Output Price Deflator for Retail Trade: Outdoor Power Equipment Stores (NAICS 444210) in the United States
IPUHN444210T051000000
Unit Labor Costs for Retail Trade: Optical Goods Stores (NAICS 446130) in the United States
IPUHN446130U101000000
Labor Productivity for Retail Trade: Florists (NAICS 453110) in the United States
IPUHN453110L000000000
Sectoral Output Price Deflator for Retail Trade: Optical Goods Stores (NAICS 44613) in the United States
IPUHN44613T051000000
Hours Worked for Retail Trade: Family Clothing Stores (NAICS 44814) in the United States
IPUHN44814L200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN45111T051000000), retrieved from FRED.