SNAP Benefits Recipients in Ohio
Annual
BR39000OHA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,440,630.00
Year-over-Year Change
-17.99%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the percent change in U.S. industrial production from the previous year. It provides a broad indicator of the health and direction of the overall economy.
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 Annual trend tracks year-over-year changes in industrial output, which includes manufacturing, mining, and utilities. This metric is closely watched by economists and policymakers as a gauge of economic momentum and inflationary pressures.
Methodology
The data is calculated by the U.S. Federal Reserve based on surveys of a representative sample of industrial facilities.
Historical Context
The Annual trend is used to inform monetary and fiscal policy decisions that can impact employment, investment, and consumer prices.
Key Facts
- The Annual trend reached a high of 8.4% in 2021.
- Manufacturing accounts for over 75% of the industrial production index.
- The Annual metric is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in U.S. industrial production, which includes manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Annual industrial production trend is a closely watched indicator of overall economic health and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on surveys of a representative sample of industrial facilities.
Q: How is this trend used in economic policy?
A: The Annual industrial production trend is used by policymakers and analysts to inform monetary and fiscal policy decisions that can impact employment, investment, and consumer prices.
Q: Are there update delays or limitations?
A: The Annual industrial production data is released monthly by the Federal Reserve with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual (BR39000OHA647NCEN), retrieved from FRED.