Hours Worked for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
Percent Change from Year Ago
IPUIN484L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.00
Year-over-Year Change
-166.67%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the percent change in industrial production from the same month in the previous year. It is a key indicator of overall economic activity and industrial sector performance.
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 Industrial Production tracks the year-over-year growth rate of the total industrial output across the U.S. economy. This helps economists and policymakers assess the strength and trajectory of the manufacturing and industrial sectors.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The industrial production index is closely monitored by the Federal Reserve and other government agencies for insights into economic conditions and policy decisions.
Key Facts
- Industrial production accounts for about 20% of the U.S. GDP.
- Percent change from a year ago reached a high of 8.3% in March 2022.
- This indicator bottomed out at -12.7% in April 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago for Industrial Production tracks the year-over-year growth rate of total industrial output in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the strength and trajectory of the manufacturing and industrial sectors, which are key drivers of overall 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 facilities.
Q: How is this trend used in economic policy?
A: The industrial production index is closely monitored by the Federal Reserve and other government agencies for insights into economic conditions and 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 2 weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN484L201000000), retrieved from FRED.