Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 21311) in the United States
Percent Change from Year Ago
IPUBN21311T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-52.27%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year percent change in an industrial production index, providing insight into the pace 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
This index tracks the monthly percent change in the production of a specific manufacturing industry compared to the same month in the previous year. It is a key economic indicator used to analyze the health and trajectory of the industrial sector.
Methodology
The data is collected through monthly surveys of manufacturing facilities and calculated as a percent change.
Historical Context
The 'Percent Change from Year Ago' trend is closely monitored by policymakers, economists, and investors to gauge the strength of the manufacturing economy.
Key Facts
- The index is published monthly by the U.S. Federal Reserve.
- It tracks the production of non-durable consumer goods like food and apparel.
- Year-over-year changes above 2-3% are generally considered healthy for the manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in an industrial production index, providing insight into the strength of manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and direction of the manufacturing economy, closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing facilities and calculated as a percent change from the same month in the previous year.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' trend is used by the Federal Reserve and other policymakers to gauge the strength of the industrial sector and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and can be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21311T051000000), retrieved from FRED.