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Percent Change from Year Ago
IPUJN51791L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.30
Year-over-Year Change
-87.74%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in an economic indicator like industrial production. This metric is widely used by economists and policymakers to assess the momentum and direction of the economy.
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' calculates the year-over-year change in a variable, allowing analysts to identify broader trends and turning points beyond short-term fluctuations. This metric is often used to evaluate the health and growth rate of the overall economy or specific sectors.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
Percent change from a year ago is a key input for monetary and fiscal policy decisions.
Key Facts
- The percent change from a year ago is reported monthly.
- Positive values indicate economic expansion, while negative values signal contraction.
- This metric adjusts for seasonal variations in the underlying data.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percent change in an economic indicator like industrial production, providing insight into the broader direction and momentum of the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and market analysts to assess economic growth and evaluate potential turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: Percent change from a year ago is a key input for monetary and fiscal policy decisions, as it provides insights into the overall health and trajectory of the economy.
Q: Are there update delays or limitations?
A: The percent change from a year ago is reported monthly, with minimal delays, providing timely information on economic trends.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN51791L201000000), retrieved from FRED.