Manufacturing Sector: Real Sectoral Output
Percent Change from Year Ago
MPU9900513 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-134.48%
Date Range
1/1/1988 - 1/1/2023
Summary
This economic trend measures the year-over-year percent change in a selected economic indicator, providing insight into the pace of economic growth or decline.
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
The percent change from year ago is a widely-used metric that compares the current value of an economic variable to its value from the same period a year earlier. This helps analysts and policymakers understand the underlying trajectory of the economy.
Methodology
The percent change is calculated by the U.S. Federal Reserve as the relative difference between the current month's data and the corresponding month from the prior year.
Historical Context
Policymakers and investors monitor this trend to gauge the momentum of the economy and inform decisions around interest rates, fiscal policy, and market positioning.
Key Facts
- The percent change from year ago can be positive, negative, or zero.
- This metric is calculated for a wide range of economic variables, including GDP, inflation, and unemployment.
- Analyzing trends in the percent change can help identify turning points in the economic cycle.
FAQs
Q: What does this economic trend measure?
A: The percent change from year ago measures the relative difference between the current value of an economic indicator and its value from the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the underlying momentum of the economy, helping analysts and policymakers assess the pace of economic growth or decline.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve as the relative difference between the current month's data and the corresponding month from the prior year.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this trend to gauge the overall health of the economy and inform decisions around interest rates, fiscal policy, and market positioning.
Q: Are there update delays or limitations?
A: The percent change from year ago data is typically released on a monthly basis, with a short lag time between the reference period and the publication date.
Related Trends
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IPUEN3315U101000000
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IPUEN3221T300000000
Unit Labor Costs for Manufacturing: Poultry Processing (NAICS 311615) in the United States
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Output per Worker for Manufacturing: Cement and Concrete Product Manufacturing (NAICS 3273) in the United States
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Labor Productivity for Manufacturing: Other Electrical Equipment and Component Manufacturing (NAICS 3359) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (MPU9900513), retrieved from FRED.