Intermediate Inputs Productivity for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
Percent Change from Year Ago
IPUIN481P001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
371.43%
Date Range
1/1/1988 - 1/1/2023
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in the Industrial Production Index. This metric is a key indicator of overall economic activity and manufacturing output.
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 tracks the real output of manufacturing, mining, and electric and gas utilities industries in the United States. The year-over-year percent change provides insight into the momentum and direction of industrial production over time.
Methodology
The data is calculated based on monthly surveys of industrial output conducted by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the health of the U.S. economy and guide economic decisions.
Key Facts
- The Industrial Production Index covers approximately 75% of the output of the U.S. industrial sector.
- The year-over-year percent change reached a peak of 7.8% in March 2022.
- This metric has been published by the Federal Reserve since 1919.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in the Industrial Production Index, which tracks the real output of manufacturing, mining, and utility industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic activity and manufacturing output, providing insight into the momentum and direction of industrial production over time. It is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly surveys of industrial output conducted by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The year-over-year percent change in industrial production is used by policymakers, economists, and market participants to assess the health of the U.S. economy and guide economic decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is published monthly by the Federal Reserve, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN481P001000000), retrieved from FRED.