Output per Worker for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States
Percent Change from Year Ago
IPUIN484110W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
44.44%
Date Range
1/1/1993 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in industrial production for the U.S. manufacturing sector. This metric provides insight into the health and growth of the manufacturing industry.
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' series tracks the annual percent change in the Federal Reserve's Industrial Production Index for the U.S. manufacturing sector. This metric is closely monitored by economists and policymakers as an indicator of broader economic conditions and the performance of the manufacturing industry.
Methodology
The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Historical Context
This trend is widely used to assess the state of the U.S. economy and guide policy decisions.
Key Facts
- The U.S. manufacturing sector accounts for over 11% of GDP.
- Manufacturing productivity has increased by over 50% since 2000.
- The U.S. is the world's second-largest manufacturer behind China.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the Federal Reserve's Industrial Production Index for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and growth of the U.S. manufacturing industry, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the state of the U.S. economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN484110W001000000), retrieved from FRED.