Hours Worked for Information: Data Processing, Hosting, and Related Services (NAICS 518210) in the United States
Percent Change from Year Ago
IPUJN518210L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-83.75%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percentage change in industrial production. This key economic indicator provides insights into the health and direction of the U.S. 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
This metric tracks the year-over-year percent change in total industrial production, which includes manufacturing, mining, and utilities. It is a widely followed indicator of economic activity and used by policymakers, analysts, and investors to gauge overall industrial performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Monitoring industrial production trends helps inform economic and monetary policy decisions.
Key Facts
- The industrial production index measures real output for manufacturing, mining, and electric and gas utilities.
- The percent change from a year ago is a key metric used to track economic growth and production trends.
- Industrial production is an important input for policymakers at the Federal Reserve and other institutions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percentage change in total industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall health and direction of the U.S. industrial sector, which is a crucial driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Monitoring industrial production trends helps inform economic and monetary policy decisions made by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve, with a typical release lag of around 15 days.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN518210L201000000), retrieved from FRED.