Real Sectoral Output for Mining: Oil and Gas Extraction (NAICS 2111) in the United States
Percent Change from Year Ago
IPUBN2111T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-83.06%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual percent change in the U.S. Industrial Production Index, which is a key economic indicator of 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
The Industrial Production Index tracks the real output of U.S. manufacturing, mining, and electric and gas utilities. This annual percent change trend provides insight into the direction and pace of industrial production over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Economists and policymakers monitor this metric to gauge the health of the U.S. industrial sector and broader economy.
Key Facts
- The Industrial Production Index covers about 75% of the output of the U.S. industrial sector.
- Annual percent changes can signal acceleration, deceleration, or stagnation in industrial activity.
- This metric is closely watched by the Federal Reserve and other policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series measures the annual percent change in the U.S. Industrial Production Index, which tracks the real output of the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the direction and pace of industrial activity, which is a key driver of broader economic growth. Economists and policymakers monitor this data to assess the health of the U.S. industrial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the Percent Change from Year Ago in the Industrial Production Index to gauge the strength of manufacturing and broader economic conditions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly by the Federal Reserve, with a typical delay of about a month and a half from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2111T011000000), retrieved from FRED.