Value-Added Output for Private Nonfarm in Missouri
Percent Change from Year Ago
IPUZNT301290000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
8.70%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percentage change in industrial production, providing insight into the pace of economic 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 key economic indicator tracks changes in the volume of goods produced by factories, mines, and utilities. It is widely followed by economists, policymakers, and market analysts to assess the overall health and trajectory of the U.S. industrial sector.
Methodology
The Federal Reserve calculates this index based on monthly surveys of industrial facilities.
Historical Context
Percent change from a year ago is a common metric used to analyze industrial output in the context of broader economic conditions and policy.
Key Facts
- The all-time high for this index was 12.4% in April 2021.
- Percent change from a year ago reached a pandemic low of -16.5% in April 2020.
- Industrial production accounts for around 20% of total U.S. economic output.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percentage change in the volume of industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the pace of economic growth and the strength of the industrial sector, which is a key driver of overall U.S. economic performance.
Q: How is this data collected or calculated?
A: The Federal Reserve compiles this index based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Percent change from a year ago in industrial production is closely monitored by policymakers and market participants to assess the health of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The percent change from year ago data is released monthly by the Federal Reserve with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT301290000), retrieved from FRED.