Real Sectoral Output for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
Percent Change from Year Ago
IPUBN2123T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.30
Year-over-Year Change
-273.68%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the year-over-year percent change in an economic indicator. This provides important context on the trajectory and pace of economic trends.
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 series calculates the percent change in a given metric compared to the same month or quarter in the prior year. It is a widely used indicator that helps analysts and policymakers understand the direction and speed of economic changes over time.
Methodology
The percent change is calculated by the U.S. Federal Reserve using underlying data on the economic indicator.
Historical Context
Economists and market analysts closely monitor this metric to interpret the current state and future trajectory of the economy.
Key Facts
- Year-over-year percent changes allow for seasonal adjustments.
- This metric is calculated for a wide range of economic data.
- Percent change from a year ago is a standard for gauging economic momentum.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the percent change in an economic indicator compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important context on the direction and pace of economic changes over time, helping analysts and policymakers interpret current conditions and future trends.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve using the underlying data on the economic indicator.
Q: How is this trend used in economic policy?
A: Economists and market analysts closely monitor this metric to assess the state and trajectory of the economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The timeliness of this data depends on the release schedule of the underlying economic indicator, which can vary.
Related Trends
Output per Worker for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
IPUBN21231W000000000
Labor Productivity for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
IPUBN21231L001000000
Labor Compensation for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239L020000000
Sectoral Output for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122T300000000
Labor Productivity for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122L001000000
Employment for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122W200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2123T011000000), retrieved from FRED.