Hours Worked for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States
Percent Change from Year Ago
IPUIN4931L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-85.71%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in the Industrial Production Index, providing insights into U.S. manufacturing activity 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 Industrial Production Index (IPI) tracks the real output of U.S. manufacturing, mining, and electric and gas utilities. The 'Percent Change from Year Ago' metric compares the current IPI value to the same month one year prior, offering a perspective on year-over-year production trends.
Methodology
The Federal Reserve collects and calculates the IPI based on survey data from industrial establishments.
Historical Context
The 'Percent Change from Year Ago' IPI is a key indicator monitored by policymakers, analysts, and businesses to assess the health and trajectory of the U.S. industrial sector.
Key Facts
- The IPI covers approximately 75% of the output of the U.S. industrial sector.
- The 'Percent Change from Year Ago' IPI reached a record high of 17.4% in April 2021.
- Positive year-over-year IPI growth indicates an expanding U.S. industrial economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the Federal Reserve's Industrial Production Index, which tracks the real output of U.S. manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The 'Percent Change from Year Ago' IPI is a closely watched indicator of the health and trajectory of the U.S. industrial sector, providing insights into economic growth and manufacturing activity.
Q: How is this data collected or calculated?
A: The Federal Reserve collects survey data from industrial establishments and calculates the Industrial Production Index, with the 'Percent Change from Year Ago' metric comparing the current index value to the same month one year prior.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' IPI is closely monitored by policymakers, economists, and businesses to assess the strength of the U.S. industrial economy and inform decisions around monetary policy, investment, and production planning.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes the 'Percent Change from Year Ago' IPI on a monthly basis, with a typical release lag of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4931L201000000), retrieved from FRED.