Real Sectoral Output for Information: Radio and Television Broadcasting (NAICS 5151) in the United States
IPUJN5151T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.56
Year-over-Year Change
56.96%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the real sectoral output for the radio and television broadcasting industry (NAICS 5151) in the United States. It is an important indicator of productivity and economic activity in the information and media 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 Real Sectoral Output for Information: Radio and Television Broadcasting (NAICS 5151) in the United States tracks the volume of production in this key industry. It provides insight into the overall health and performance of the broadcasting sector, which is a critical component of the broader information economy.
Methodology
This data is collected and calculated by the U.S. Federal Reserve using industrial production survey information.
Historical Context
Policymakers and analysts use this trend to assess the broader state of the information and media industries and their contribution to economic growth.
Key Facts
- The broadcasting industry accounts for over $300 billion in annual output in the U.S.
- Radio and TV broadcasting employs more than 300,000 workers nationwide.
- This sector has seen volatility in recent years due to technological disruption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the radio and television broadcasting industry (NAICS 5151) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and performance of a critical sector of the information economy, which has significant implications for broader economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through industrial production surveys and calculated as a volume index.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the state of the media and information industries and their contribution to overall economic activity.
Q: Are there update delays or limitations?
A: This data is published monthly by the Federal Reserve with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Information: Radio and Television Broadcasting (NAICS 5151) in the United States (IPUJN5151T010000000), retrieved from FRED.