Hours Worked for Transportation and Warehousing: Charter Bus Industry (NAICS 48551) in the United States
Percent Change from Year Ago
IPUIN48551L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-187.10%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in the U.S. Industrial Production Index, providing insight into the health and growth 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 Industrial Production Index (IPI) tracks changes in the total inflation-adjusted output of U.S. manufacturing, mining, and electric and gas utilities. The year-over-year percent change is a key economic indicator used to analyze industrial production trends and assess the overall state of the economy.
Methodology
The Federal Reserve collects and calculates the IPI based on data from various public and private sources.
Historical Context
Economists and policymakers closely monitor the IPI and its year-over-year change to gauge the strength of the industrial economy and inform policy decisions.
Key Facts
- The Industrial Production Index covers approximately 75% of the output of the U.S. industrial sector.
- The year-over-year percent change in the IPI is a leading indicator of economic activity and business cycles.
- Manufacturing accounts for the largest component (about 75%) of the overall Industrial Production Index.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the year-over-year change in the U.S. Industrial Production Index, which tracks the total output of the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year change in industrial production is a key economic indicator used by analysts, policymakers, and businesses to assess the health and growth of the industrial economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates the Industrial Production Index based on data from various public and private sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the IPI and its year-over-year change to gauge the strength of the industrial economy and inform policy decisions, such as monetary policy and fiscal stimulus measures.
Q: Are there update delays or limitations?
A: The Industrial Production Index is published monthly by the Federal Reserve, with a typical release delay of around two weeks after the end of the reference month.
Related Trends
Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491L001000000
Unit Labor Costs for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 48422) in the United States
IPUIN48422U101000000
Sectoral Output for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States
IPUIN484110T300000000
Labor Productivity for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
IPUIN484220L000000000
Labor Compensation for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
IPUIN4842L020000000
Output per Worker for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412W001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48551L201000000), retrieved from FRED.