Sectoral Output for Retail Trade: Fuel Dealers (NAICS 454310) in the United States
Percent Change from Year Ago
IPUHN454310T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.30
Year-over-Year Change
-30.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend tracks the year-over-year percentage change in an economic indicator, providing insight into the pace of economic growth or decline.
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 compares the current value of an economic variable to its value from the same period one year prior, expressing the difference as a percentage. It is a widely used indicator for analyzing economic trends and identifying turning points in the business cycle.
Methodology
The percent change is calculated by taking the difference between the current period's value and the corresponding prior-year value, then dividing by the prior-year value.
Historical Context
Policymakers and analysts closely monitor year-over-year percent changes to assess the strength and trajectory of the economy.
Key Facts
- The percent change formula is: (Current Value - Prior Year Value) / Prior Year Value
- Year-over-year percent changes help identify turning points in the business cycle
- This metric is widely used by economists and policymakers to gauge economic momentum
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year percentage change in an economic indicator, providing insight into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the strength and trajectory of the economy, as year-over-year percent changes help identify turning points in the business cycle.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current period's value and the corresponding prior-year value, then dividing by the prior-year value.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor year-over-year percent changes to assess the overall state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with minimal delay, though there may be occasional lags or revisions depending on the source.
Related Trends
Employment for Retail Trade: Men's Clothing Stores (NAICS 44811) in the United States
IPUHN44811W010000000
Employment for Retail Trade: Building Material and Garden Equipment and Supplies Dealers (NAICS 444) in the United States
IPUHN444W010000000
Labor Productivity for Retail Trade: Pet and Pet Supplies Stores (NAICS 45391) in the United States
IPUHN45391L001000000
Unit Labor Costs for Retail Trade: Furniture Stores (NAICS 4421) in the United States
IPUHN4421U100000000
Real Sectoral Output for Retail Trade: Office Supplies, Stationery, and Gift Stores (NAICS 4532) in the United States
IPUHN4532T011000000
Employment for Retail Trade: Used Merchandise Stores (NAICS 4533) in the United States
IPUHN4533W201000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN454310T301000000), retrieved from FRED.