Hours Worked for Retail Trade: Vending Machine Operators (NAICS 45421) in the United States
Percent Change from Year Ago
IPUHN45421L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.30
Year-over-Year Change
-281.01%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the year-over-year change in the US industrial production index. This provides insight into the health and growth of the overall US 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
The industrial production index measures the real output of the manufacturing, mining, and electric and gas utility industries. The year-over-year percent change offers a clear signal of expanding or contracting industrial activity across the economy.
Methodology
The Federal Reserve collects and calculates this index based on a comprehensive survey of national industrial output.
Historical Context
This metric is closely watched by policymakers, economists, and investors to gauge the strength of the US industrial economy.
Key Facts
- The industrial production index covers approximately 75% of the total industrial output of the United States.
- Percent change from a year ago is a key metric used to smooth out monthly volatility in the industrial production index.
- Industrial production accounts for around 20% of total US economic output.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year change in the US industrial production index, providing insight into the growth of the overall manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and investors as an important indicator of the health and growth of the US industrial economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on a comprehensive survey of national industrial output.
Q: How is this trend used in economic policy?
A: The year-over-year change in industrial production is a key signal used by the Federal Reserve and other policymakers to assess the strength of the broader US economy.
Q: Are there update delays or limitations?
A: The industrial production index is released monthly by the Federal Reserve with a typical delay of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN45421L201000000), retrieved from FRED.