Labor Productivity for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
Percent Change from Year Ago
IPUIN484210L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.30
Year-over-Year Change
94.12%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percent change in a specific industrial production index. This metric is closely watched by economists and policymakers to gauge the health and direction 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' measures the relative change in a seasonally adjusted industrial production index compared to the same month a year earlier. This provides insight into the pace and direction of industrial activity over time, which is a key indicator of overall economic conditions.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial production.
Historical Context
Policymakers and analysts use this trend to inform decisions about monetary policy, investment strategies, and assessments of the broader economy.
Key Facts
- The industrial production index tracks output in mining, manufacturing, and utilities.
- Year-over-year changes smooth out seasonal fluctuations.
- Positive values indicate expansion, negative values contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year change in a seasonally adjusted industrial production index. This provides insight into the pace and direction of manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an important indicator of the overall health and direction of the industrial sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform decisions about monetary policy, investment strategies, and assessments of the broader economy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical delay of around a month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN484210L001000000), retrieved from FRED.