Labor Compensation for Retail Trade: Office Supplies and Stationery Stores (NAICS 45321) in the United States
Millions of Dollars
IPUHN45321L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,495.10
Year-over-Year Change
-33.75%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the value of U.S. industrial production for the manufacturing of non-durable consumer goods. It is a key indicator of economic activity and consumer demand.
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
The Millions of Dollars series tracks the total monetary value of industrial production for non-durable consumer goods manufacturing in the United States. This metric provides insight into the overall health and trends of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial production facilities.
Historical Context
Economists and policymakers use this metric to assess consumer demand, inflationary pressures, and the broader performance of the manufacturing sector.
Key Facts
- The series has been tracked since 1972.
- It covers over 200 categories of non-durable consumer goods.
- Values are adjusted for seasonal and calendar variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of industrial production for non-durable consumer goods manufacturing in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into consumer demand, inflationary pressures, and the overall health of the U.S. manufacturing sector.
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 industrial production facilities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the state of the economy and inform policy decisions related to consumer demand, inflation, and the manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUHN45321L020000000), retrieved from FRED.