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Percent Change from Year Ago
IPUJN5179L201000000 • 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' metric measures the year-over-year change in industrial production. It is a key indicator of economic growth and manufacturing activity.
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 annual percent change in the total industrial production index, which covers manufacturing, mining, and utilities. It is used by economists and policymakers to gauge the health and momentum of the industrial sector.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The percent change from a year ago is closely watched for insights into the broader economic cycle and potential policy responses.
Key Facts
- The index reached a low of -13.7% in April 2020 during the COVID-19 recession.
- Industrial production has rebounded strongly, reaching a 6.5% year-over-year gain as of December 2022.
- The all-time high percent change was 15.3% in July 1950 during the post-WWII economic boom.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percent change in the total industrial production index, which covers manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic growth and manufacturing activity, providing insights into the health and momentum of the industrial sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The percent change from a year ago is closely watched by economists and policymakers for insights into the broader economic cycle and potential policy responses.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN5179L201000000), retrieved from FRED.