Hours Worked for Transportation and Warehousing: Scheduled Air Transportation (NAICS 4811) in the United States
Percent Change from Year Ago
IPUIN4811L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-202.38%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the percent change in the Industrial Production Index for Manufacturing, which tracks the output of U.S. manufacturing industries. It provides insights into the health and performance 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
The Percent Change from Year Ago for the Industrial Production Index for Manufacturing is a key indicator of manufacturing activity. It compares the current month's index value to the same month's value from the previous year, showing the overall growth or decline in manufacturing output.
Methodology
The Federal Reserve collects and calculates this index based on a comprehensive survey of U.S. manufacturing facilities.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the strength of the industrial and manufacturing components of the U.S. economy.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer behind China.
- Steady growth in manufacturing output signals economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percent change in the Industrial Production Index for Manufacturing, which tracks the output of U.S. manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and performance of the manufacturing sector, a key component of the U.S. economy. It is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on a comprehensive survey of U.S. manufacturing facilities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and market analysts to assess the strength of the industrial and manufacturing components of the U.S. economy and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index for Manufacturing is released monthly by the Federal Reserve, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4811L201000000), retrieved from FRED.