Sectoral Output for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
Percent Change from Year Ago
IPUIN484T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-104.17%
Date Range
1/1/1993 - 1/1/2024
Summary
The Percent Change from Year Ago trend measures the annual percent change in industrial production, providing insight into the pace of economic growth.
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
This economic indicator tracks the year-over-year percent change in the total industrial production index, which covers manufacturing, mining, and utilities. It is a widely-watched metric for analyzing the health and momentum of the U.S. industrial sector.
Methodology
The data is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Economists and policymakers use this trend to gauge the strength of the overall economy and inform decisions around monetary and fiscal policy.
Key Facts
- The percent change from a year ago reached a high of 8.3% in March 2022.
- The metric fell to -0.7% in May 2023 as industrial activity slowed.
- Year-ago comparisons help smooth out monthly volatility in the industrial production index.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago tracks the annual percent change in the Federal Reserve's industrial production index, a comprehensive measure of output across the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall health and momentum of the U.S. industrial economy, which is a key driver of broader economic growth. It helps analysts and policymakers gauge the strength of industrial activity over time.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this percent change based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the Percent Change from Year Ago to assess the broader economic climate and inform decisions around monetary and fiscal policy. It is a key input for the Federal Reserve's policy deliberations.
Q: Are there update delays or limitations?
A: The industrial production data and year-over-year percent change are released by the Federal Reserve on a monthly basis, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN484T301000000), retrieved from FRED.