Unit Labor Costs for Transportation and Warehousing: Refrigerated Warehousing and Storage (NAICS 493120) in the United States
Percent Change from Year Ago
IPUIN493120U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.70
Year-over-Year Change
-228.95%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend measures the year-over-year percent change in the U.S. industrial production index, a key indicator of manufacturing activity and broader economic health.
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 tracks the real output of U.S. manufacturing, mining, and electric and gas utilities. This metric is closely watched by economists and policymakers as a gauge of the nation's industrial sector performance.
Methodology
The data is collected through a monthly survey of industrial facilities conducted by the Federal Reserve.
Historical Context
Monitoring changes in industrial production helps inform monetary and fiscal policy decisions.
Key Facts
- The industrial production index covers around 75% of total industrial activity.
- The U.S. industrial sector accounts for about 19% of GDP.
- Industrial production rebounded strongly after the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the U.S. industrial production index, which tracks real output across the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key leading indicator of broader economic activity, providing timely insights into the health and performance of the U.S. industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of industrial facilities conducted by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Monitoring changes in industrial production helps inform monetary and fiscal policy decisions by providing a real-time gauge of manufacturing and broader economic conditions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN493120U101000000), retrieved from FRED.