Labor Productivity for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
Percent Change from Year Ago
IPUIN4841L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
-380.95%
Date Range
1/1/1993 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual percent change in the Industrial Production Index, which tracks the output of U.S. manufacturing, mining, and utility companies. This key indicator provides insights into the overall health and direction of the American economy.
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 (IPI) is a comprehensive measure of the volume of production across the U.S. industrial sector. The 'Percent Change from Year Ago' data point compares the current IPI value to the same month in the prior year, offering a perspective on year-over-year growth trends.
Methodology
The Federal Reserve compiles the IPI based on survey data from industrial facilities across the country.
Historical Context
Economists and policymakers monitor the 'Percent Change from Year Ago' to assess production activity and guide decisions on fiscal and monetary policy.
Key Facts
- The IPI has a base year of 2017.
- Mining accounts for about 13% of total U.S. industrial production.
- The 'Percent Change from Year Ago' reached a low of -16.5% in April 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series tracks the annual percent change in the U.S. Industrial Production Index, which covers manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and direction of the American economy, helping economists and policymakers assess production activity and guide decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve compiles the Industrial Production Index based on survey data from industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor the 'Percent Change from Year Ago' to evaluate production trends and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is released monthly by the Federal Reserve with a typical delay of around one month.
Related Trends
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Contribution of Intermediate Inputs Intensity to Labor Productivity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
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Real Sectoral Output for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
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Unit Labor Costs for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4841L001000000), retrieved from FRED.