Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
643,361.93
Year-over-Year Change
93.65%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) industry in the United States. It is a key indicator for monitoring the health and performance of the pharmaceutical wholesale sector.
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 Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) measures the total volume of goods and services produced by this specific wholesale trade industry. It provides insights into the overall productivity and supply chain dynamics within the pharmaceutical distribution network.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Federal Reserve.
Historical Context
This trend is closely watched by economists, policymakers, and industry analysts to assess the state of the pharmaceutical wholesale market and its implications for the broader healthcare system.
Key Facts
- The pharmaceutical wholesale industry accounts for over $500 billion in annual revenue in the United States.
- Drugs and druggists' sundries merchant wholesalers are a critical link between manufacturers and retailers in the healthcare supply chain.
- Output in this sector has grown steadily over the past decade, reflecting increased demand for pharmaceutical and medical products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output or production volume of the Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of the pharmaceutical wholesale sector, which is a crucial component of the broader healthcare supply chain.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the Drugs and Druggists' Sundries Merchant Wholesalers industry and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this trend to assess the state of the pharmaceutical wholesale market and its implications for the healthcare system.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months from the end of the reference period.
Related Trends
Labor Productivity for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L000000000
Hours Worked for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L010000000
Labor Productivity for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423L001000000
Real Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425T011000000
Output per Worker for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W001000000
Employment for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245W010000000
Citation
U.S. Federal Reserve, Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States (IPUGN424210T300000000), retrieved from FRED.