Real Sectoral Output for Mining: Support Activities for Mining (NAICS 213) in the United States
Percent Change from Year Ago
IPUBN213T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-13.70
Year-over-Year Change
-172.49%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in a given economic indicator. This trend provides valuable insights into the pace and direction of economic growth.
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 tracks the percentage change in an economic time series compared to the same period a year earlier. This metric helps analysts and policymakers understand the broader trends and momentum underlying economic data.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current value to the previous year's value for the same period.
Historical Context
Economists and market participants closely monitor the Percent Change from Year Ago to gauge the overall health and trajectory of the economy.
Key Facts
- The Percent Change from Year Ago can signal a potential economic slowdown or recovery.
- This metric is widely used by economists, policymakers, and investors.
- The data is released monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in a given economic indicator, providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric helps analysts and policymakers understand the broader trends and momentum underlying economic data, which is crucial for informed decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current value to the previous year's value for the same period.
Q: How is this trend used in economic policy?
A: Economists and market participants closely monitor the Percent Change from Year Ago to gauge the overall health and trajectory of the economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is released monthly by the U.S. Federal Reserve, with minimal update delays.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN213T011000000), retrieved from FRED.