Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
Percent Change from Year Ago
IPUBN21239T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
40.91%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of change in industrial production, providing insight into broader economic trends and 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 indicator tracks the year-over-year percentage change in the Federal Reserve's industrial production index, which measures the real output of U.S. manufacturing, mining, and electric and gas utilities. It serves as a key barometer of the health and direction of the national economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts closely monitor this metric to assess the broader economic climate and inform policy decisions.
Key Facts
- The index covers approximately 75% of industrial activity in the United States.
- Industrial production has historically been a leading indicator of overall economic performance.
- The annual percent change metric adjusts for seasonal variations in production.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in industrial production, providing insight into broader economic trends and activity.
Q: Why is this trend relevant for users or analysts?
A: This indicator serves as a key barometer of the health and direction of the national economy, informing policymakers and analysts on the state of industrial activity and broader economic conditions.
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: Policymakers and analysts closely monitor this metric to assess the broader economic climate and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with some seasonal adjustments to account for variations in production.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21239T301000000), retrieved from FRED.