Hours Worked for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 48621) in the United States
Percent Change from Year Ago
IPUIN48621L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.10
Year-over-Year Change
611.76%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year percent change in industrial production for the manufacturing sector. This key indicator provides insight into the overall health and direction of the U.S. 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 'Percent Change from Year Ago' industrial production metric tracks the rate of change in manufacturing output compared to the same month in the prior year. This helps economists and policymakers assess the strength and momentum of the industrial sector, a major driver of the broader economy.
Methodology
This data is collected monthly by the U.S. Federal Reserve through surveys of manufacturing facilities.
Historical Context
The industrial production trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Manufacturing accounts for over 10% of U.S. GDP.
- Industrial production has not fully recovered to pre-pandemic levels.
- Sustained growth in this metric signals a strengthening economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year percent change in industrial production for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This key metric provides insight into the overall health and momentum of the industrial sector, a major driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Federal Reserve through surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: The industrial production trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48621L201000000), retrieved from FRED.