Sectoral Output for Mining: Mining (NAICS 21) in the United States
Percent Change from Year Ago
IPUBN21T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.90
Year-over-Year Change
280.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual change in industrial production, a key indicator of manufacturing activity and economic health.
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 metric tracks the percent change in the Federal Reserve's industrial production index compared to the same month a year earlier. It provides insight into the pace of growth or decline in the U.S. manufacturing sector over time.
Methodology
The industrial production index is calculated based on survey data collected by the U.S. Federal Reserve.
Historical Context
Economists and policymakers closely monitor this trend to assess the broader state of the economy.
Key Facts
- The industrial production index covers manufacturing, mining, and electric and gas utilities.
- Year-over-year changes can signal economic expansions or recessions.
- This metric is a leading indicator for the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the Federal Reserve's industrial production index, which tracks activity in the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the pace of growth or decline in the U.S. industrial sector, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The industrial production index is calculated by the U.S. Federal Reserve based on survey data from manufacturing, mining, and utility companies.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend closely to assess the health of the broader economy and inform decisions around monetary and fiscal policy.
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 a month and a half.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21T301000000), retrieved from FRED.