Sectoral Output for Information: Software Publishers (NAICS 5112) in the United States
IPUJN5112T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
553,388.10
Year-over-Year Change
221.61%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the software publishing industry in the United States. It is a key indicator of activity and productivity in the technology sector.
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 Sectoral Output for Information: Software Publishers (NAICS 5112) in the United States tracks the volume of goods and services produced by companies involved in computer software publishing. This metric provides insights into the performance and competitiveness of the domestic software industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the health and growth of the technology sector.
Key Facts
- The software publishing industry accounts for over 1 million U.S. jobs.
- Output in this sector has grown over 50% in the past decade.
- The U.S. is a global leader in software development and publishing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of goods and services produced by companies in the software publishing industry (NAICS 5112) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of the domestic technology sector, which is a critical driver of economic growth and innovation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge the health and growth potential of the technology sector, which informs decisions around economic policy, investment, and workforce development.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of 6-8 weeks. There may be revisions to historical data as the Federal Reserve refines its methodology.
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Citation
U.S. Federal Reserve, Sectoral Output for Information: Software Publishers (NAICS 5112) in the United States (IPUJN5112T300000000), retrieved from FRED.