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Percent Change from Year Ago
IPUJN51521U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.40
Year-over-Year Change
62.12%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in industrial production. It is a key economic indicator used by policymakers and analysts to assess manufacturing and broader economic conditions.
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 industrial production index tracks the output of manufacturing, mining, and electric and gas utilities. The year-over-year percent change provides insight into the pace of industrial activity and helps identify production trends and cycles.
Methodology
The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of industrial establishments.
Historical Context
The industrial production trend is closely watched by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The industrial production index covers approximately 75% of the output of the U.S. industrial sector.
- The year-over-year percent change reached a recent peak of 8.5% in March 2022.
- Declines in the percent change trend can signal an economic slowdown or recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual change in the total industrial production index, which covers manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: The industrial production trend provides a timely signal on the health of the manufacturing sector and broader economic conditions, which is critical information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected monthly by the U.S. Federal Reserve through surveys of industrial establishments and calculated as the year-over-year percent change in the industrial production index.
Q: How is this trend used in economic policy?
A: The industrial production trend is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and inform decisions on monetary policy, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51521U121000000), retrieved from FRED.