Labor Productivity for Transportation and Warehousing: General Warehousing and Storage (NAICS 49311) in the United States
Percent Change from Year Ago
IPUIN49311L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.10
Year-over-Year Change
-262.90%
Date Range
1/1/1993 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production for the U.S. manufacturing sector. This metric provides important insights into the health and trajectory of the broader 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' trend tracks the annual percentage change in industrial production, a key indicator of manufacturing activity and economic growth. It is widely used by economists, policymakers, and market analysts to assess the strength and direction of the U.S. industrial sector.
Methodology
The Federal Reserve collects and calculates this data based on monthly surveys of industrial production.
Historical Context
Changes in industrial production can signal shifts in consumer demand, business investment, and overall economic conditions, informing policy decisions and market expectations.
Key Facts
- U.S. industrial production grew 3.7% year-over-year in 2022.
- The manufacturing sector accounts for over 75% of total U.S. industrial production.
- Percent change from a year ago is a widely used metric for tracking industrial trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percentage change in U.S. industrial production, a key indicator of manufacturing activity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: Changes in industrial production provide important insights into the health and trajectory of the broader U.S. economy, informing decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this data based on monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: Percent change in industrial production is a key indicator monitored by the Federal Reserve and other policymakers to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN49311L001000000), retrieved from FRED.