Real Sectoral Output for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States
Percent Change from Year Ago
IPUJN5173T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.00
Year-over-Year Change
-183.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic indicator measures the year-over-year change in an economic variable, providing insight into long-term trends and growth rates.
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 series tracks the year-over-year percent change in a specified economic variable, allowing analysts to identify and interpret changes in the rate of growth or decline over time. It is a commonly used metric for evaluating the trajectory of key economic indicators.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current value of an economic indicator to the value from the same period one year prior.
Historical Context
Policymakers and market participants closely monitor year-over-year changes to understand the broader direction and momentum of the economy.
Key Facts
- Year-over-year percent change is a widely used metric for evaluating economic trends.
- It provides insight into the pace and direction of economic expansion or contraction.
- Analyzing percent change from a year ago helps identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the year-over-year percent change in an economic variable, providing insight into long-term growth rates and trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is essential for evaluating the trajectory of the economy, as it helps identify turning points, understand momentum, and contextualize short-term fluctuations.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the year-over-year percent change by comparing the current value of an economic indicator to the value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor year-over-year changes to assess the broader direction and momentum of the economy, which informs decision-making and forecasting.
Q: Are there update delays or limitations?
A: The data is published with minimal delay, providing timely insights, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN5173T011000000), retrieved from FRED.