Value-Added Output Price Deflator for Private Nonfarm in Hawaii
Percent Change from Year Ago
IPUZNT051150000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
0.00%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in industrial production in the United States. It is a key indicator of economic activity and output.
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 change in the Federal Reserve's industrial production index, which measures the real output of the manufacturing, mining, and electric and gas utility industries in the U.S. It is a widely watched metric for gauging the overall health of the economy.
Methodology
The Federal Reserve collects and calculates the industrial production data through surveys of manufacturing, mining, and utility companies.
Historical Context
The 'Percent Change from Year Ago' trend is used by economists, policymakers, and market analysts to assess the trajectory of the U.S. economy.
Key Facts
- The industrial production index covers about 75% of the total industrial output of the United States.
- Annual percent changes in industrial production have ranged from -11.8% to +12.5% over the past 20 years.
- The industrial production trend is a leading economic indicator, providing early signals of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the real output of the U.S. manufacturing, mining, and utility industries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of overall economic health and activity, providing insights into the trajectory of the business cycle and industrial sector performance.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data through surveys of manufacturing, mining, and utility companies and calculates the industrial production index.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use the industrial production trend to assess the strength of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT051150000), retrieved from FRED.