Sectoral Output for Information: Software Publishers (NAICS 5112) in the United States
Percent Change from Year Ago
IPUJN5112T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.30
Year-over-Year Change
253.13%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric tracks the annual change in industrial production, providing insight into the strength and direction of the U.S. manufacturing 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
This economic indicator measures the year-over-year percentage change in the Federal Reserve's Industrial Production Index, which covers output from manufacturing, mining, and utilities. It serves as a barometer for the broader industrial economy.
Methodology
The Federal Reserve calculates this statistic using survey data on production volumes across various industries.
Historical Context
Policymakers and analysts monitor this metric to gauge inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The index covers a diverse range of industries, from mining to utilities.
- Positive year-over-year growth indicates an expanding industrial economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual change in the Federal Reserve's Industrial Production Index, providing insight into the strength of the U.S. manufacturing and industrial sectors.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key barometer for the broader industrial economy, helping policymakers and analysts assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this statistic using survey data on production volumes across various industries.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to gauge the health of the manufacturing sector and broader industrial economy, which informs decisions on interest rates, government spending, and other policy tools.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a monthly basis, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN5112T301000000), retrieved from FRED.