Employment for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
Percent Change from Year Ago
IPUGN4234W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
500.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in an industrial production index, providing insight into the pace of U.S. manufacturing 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 index tracks the annual rate of change in industrial production, a key indicator of the health and momentum of the U.S. manufacturing sector. Economists and policymakers closely monitor this metric to assess economic conditions and guide policy decisions.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
This trend is used to analyze production trends and inform monetary and fiscal policy.
Key Facts
- The index has a base year of 2017.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached a record high of 7.5% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in U.S. industrial production, providing insight into the pace of manufacturing growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a key indicator of the health and momentum of the U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: This trend is used to analyze production trends and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4234W201000000), retrieved from FRED.