Output per Worker for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
Percent Change from Year Ago
IPUGN4234W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
82.61%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production for the U.S. manufacturing sector, which is a key indicator of economic 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 metric provides insight into the health and direction of the manufacturing industry, an important driver of overall economic growth. It is widely tracked by economists, policymakers, and investors to assess the state of the broader economy.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of manufacturing facilities.
Historical Context
The percent change in industrial production is a leading economic indicator used to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. manufacturing sector accounts for about 11% of GDP.
- Industrial production declined by 5.5% year-over-year in 2020 due to the COVID-19 pandemic.
- The all-time high for this metric was 19.9% in July 1984.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and direction of the manufacturing industry, which is a key driver of overall economic growth in the U.S.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: The percent change in industrial production is a leading economic indicator used to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical delay of around a month.
Related Trends
Unit Labor Costs for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249U100000000
Hourly Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U120000000
Sectoral Output Price Deflator for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243T050000000
Labor Compensation for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L020000000
Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L001000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4234W001000000), retrieved from FRED.