Employment for Transportation and Warehousing: Scenic and Sightseeing Transportation, Water (NAICS 487210) in the United States
Percent Change from Year Ago
IPUIN487210W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.50
Year-over-Year Change
-59.46%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic indicator measures the percent change in U.S. industrial production from the same month a year ago. It provides insights into broader trends in the manufacturing and industrial sectors.
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 is a widely followed metric that compares the current level of industrial production to its level in the same month of the previous year. This offers a perspective on the pace of year-over-year growth or contraction in the industrial economy.
Methodology
The Federal Reserve collects and publishes this data monthly based on surveys of manufacturing, mining, and utility firms.
Historical Context
This indicator is closely watched by economists, policymakers, and market analysts to gauge the health and trajectory of the U.S. industrial sector.
Key Facts
- The U.S. industrial production index covers manufacturing, mining, and utilities sectors.
- Year-over-year percent changes can signal turning points in the business cycle.
- Industrial production is a key input to GDP and a barometer of economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percent change in U.S. industrial production compared to the same month in the prior year. It provides insights into broader trends in the manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year percent change in industrial production is a widely followed metric that helps assess the health and trajectory of the U.S. industrial economy, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data monthly through surveys of manufacturing, mining, and utility firms across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to gauge the strength of industrial activity, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The percent change from year ago data is published monthly by the Federal Reserve with a lag of several weeks following the end of the reference period.
Related Trends
Output per Worker for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 48423) in the United States
IPUIN48423W000000000
Sectoral Output for Transportation and Warehousing: General Freight Trucking, Local (NAICS 48411) in the United States
IPUIN48411T300000000
Sectoral Output for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States
IPUIN484110T301000000
Hours Worked for Transportation and Warehousing: Local Messengers and Local Delivery (NAICS 492210) in the United States
IPUIN492210L010000000
Output per Worker for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210W000000000
Real Sectoral Output for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 484210) in the United States
IPUIN484210T011000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN487210W201000000), retrieved from FRED.