Sectoral Output for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
Percent Change from Year Ago
IPUBN21231T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
110.34%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in an economic indicator, providing insights into trends and momentum.
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 metric compares the current value of an economic variable to its value one year prior, expressed as a percentage change. It is widely used by economists and policymakers to analyze growth, inflation, and other key economic factors.
Methodology
The percent change is calculated by taking the difference between the current and year-ago values, and dividing by the year-ago value.
Historical Context
This data can inform decisions around monetary and fiscal policy, as well as business and investment strategies.
Key Facts
- The percent change can be positive, negative, or zero.
- It is a widely used metric for evaluating economic performance.
- The data is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual change in an economic variable, such as industrial production, consumer prices, or GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the pace and direction of economic growth, inflation, and other key factors, which is crucial for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and year-ago values, and dividing by the year-ago value.
Q: How is this trend used in economic policy?
A: This data can inform decisions around monetary and fiscal policy, as central banks and governments monitor economic conditions and adjust policies accordingly.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21231T301000000), retrieved from FRED.