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Percent Change from Year Ago
IPUJN5151W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.70
Year-over-Year Change
466.67%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in U.S. industrial production. It is a key indicator of the overall health and direction of the 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
The Percent Change from Year Ago metric tracks the annual rate of change in the Federal Reserve's industrial production index. This provides insight into the growth or contraction of industrial activity over the past 12 months.
Methodology
The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Historical Context
This metric is closely monitored by economists, policymakers, and market analysts to assess the strength of the U.S. economy.
Key Facts
- The index reached a low of -13.8% in April 2020 due to the COVID-19 pandemic.
- Industrial production has returned to pre-pandemic levels as of 2022.
- The metric has averaged around 3-4% annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago metric tracks the annual rate of change in the Federal Reserve's industrial production index, providing insight into the growth or contraction of manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and direction of the U.S. manufacturing sector, which is closely monitored by economists, policymakers, and market analysts to assess the strength of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly survey of industrial production.
Q: How is this trend used in economic policy?
A: Trends in industrial production are closely watched by the Federal Reserve and other policymakers as they provide insight into the overall strength of the economy and can inform decisions around monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN5151W201000000), retrieved from FRED.