Sectoral Output for Mining: Support Activities for Mining (NAICS 2131) in the United States
Percent Change from Year Ago
IPUBN2131T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.90
Year-over-Year Change
-149.17%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the year-over-year percent change in U.S. industrial production. This key economic indicator provides insight into manufacturing output and can signal shifts in broader economic conditions.
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 'Percent Change from Year Ago' measures the year-over-year percent change in the Federal Reserve's industrial production index, which tracks the total inflation-adjusted output of U.S. manufacturing, mining, and utilities. This metric is widely monitored by economists and policymakers to assess the health of the industrial sector and broader economy.
Methodology
The data is calculated from the Federal Reserve's monthly industrial production index.
Historical Context
The 'Percent Change from Year Ago' is closely watched by the Federal Reserve, investors, and analysts as an important barometer of the nation's economic performance.
Key Facts
- U.S. industrial production rose 3.8% in the past year.
- Manufacturing output makes up over 75% of total industrial production.
- Percent change from a year ago tracks the pace of economic recovery.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percent change in U.S. industrial production, a key indicator of manufacturing activity and broader economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the health and momentum of the U.S. industrial sector, which is a crucial driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is derived from the Federal Reserve's monthly industrial production index.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' is closely monitored by the Federal Reserve and other policymakers as a barometer of the nation's manufacturing activity and economic performance.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around one month.
Related Trends
Hours Worked for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212L010000000
Employment for Mining: Coal Mining (NAICS 2121) in the United States
IPUBN2121W201000000
Output per Worker for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212W001000000
Hours Worked for Mining: Support Activities for Mining (NAICS 21311) in the United States
IPUBN21311L010000000
Hourly Compensation for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212U121000000
Real Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239T010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN2131T301000000), retrieved from FRED.