Value-Added Output Price Deflator for Private Nonfarm in Utah
Percent Change from Year Ago
IPUZNT051490000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
18.75%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of 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 economic trend tracks the year-over-year percent change in the Federal Reserve's industrial production index. It provides insight into the momentum and direction of the manufacturing sector, which is a vital part of the U.S. economy.
Methodology
The Federal Reserve collects and calculates this index based on survey data from industrial facilities.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the health of the broader economy.
Key Facts
- The index reached a recent peak of 6.1% in March 2022.
- Manufacturing accounts for about 11% of U.S. GDP.
- The all-time high for this metric was 14.1% in July 1950.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in the Federal Reserve's industrial production index, providing insight into the momentum of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by policymakers and economists as a gauge of economic growth and the health of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on survey data from industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the state of the manufacturing sector and the overall pace of economic activity, which informs policy decisions.
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 one month.
Related Trends
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Utah
UTMINQGSP
Gross Domestic Product: Retail Trade (44-45) in Utah
UTRETAILNQGSP
Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Utah
UTPLASRUBMANRGSP
Real Gross Domestic Product: Waste Management and Remediation Services (562) in Utah
UTWASTERGSP
Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Utah
UTCPUELCPMANQGSP
All Employees: Educational Services in Utah
SMU49000006561000001A
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT051490000), retrieved from FRED.