Unit Labor Costs for Transportation and Warehousing: General Warehousing and Storage (NAICS 49311) in the United States
Percent Change from Year Ago
IPUIN49311U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.90
Year-over-Year Change
-461.36%
Date Range
1/1/1993 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in the US manufacturing output index. This metric provides important insights into the pace of industrial production and 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
The 'Percent Change from Year Ago' measures the annual percent change in the US manufacturing output index, which tracks the total inflation-adjusted value of goods produced by the manufacturing sector. This key indicator helps economists and policymakers assess the broader state of industrial activity and economic conditions.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
Analysts and policymakers closely monitor this trend to gauge the health of the manufacturing industry and broader economy.
Key Facts
- The manufacturing output index covers around 75% of total industrial production.
- Manufacturing accounts for approximately 11% of US GDP.
- Rapid changes in this trend can signal swings in economic momentum.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in the US manufacturing output index, providing insights into the pace of industrial production.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a barometer of the health of the manufacturing sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the state of industrial activity and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The manufacturing output index data is published monthly with a typical release lag of around one month.
Related Trends
Employment for Transportation and Warehousing: Nonscheduled Air Transportation (NAICS 4812) in the United States
IPUIN4812W010000000
Hourly Compensation for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230U121000000
Intermediate Inputs Intensity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111P060000000
Employment for Transportation and Warehousing: Charter Bus Industry (NAICS 48551) in the United States
IPUIN48551W010000000
Hours Worked for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States
IPUIN4931L010000000
Employment for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 486210) in the United States
IPUIN486210W010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN49311U101000000), retrieved from FRED.