Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
Percent Change from Year Ago
IPUGN424210T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.20
Year-over-Year Change
-295.24%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in industrial production. It is a key indicator of economic activity and helps policymakers assess the overall health of the manufacturing 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
This economic trend tracks the annual percent change in the total industrial production index, which covers manufacturing, mining, and utilities. It provides insight into the momentum and direction of industrial output over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Analysts and policymakers use this metric to monitor business cycles and evaluate the impacts of economic policies.
Key Facts
- The industrial production index covers approximately 75% of the total industrial output of the United States.
- Manufacturing accounts for over 75% of the total industrial production index.
- The year-over-year percent change is a closely watched metric for assessing the strength of the manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago tracks the annual percent change in the U.S. industrial production index, which covers manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and momentum of the industrial sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor business cycles, evaluate the impacts of economic policies, and assess the strength of the manufacturing sector.
Q: Are there update delays or limitations?
A: The industrial production data is released on a monthly basis with a typical lag of around six weeks.
Related Trends
Employment for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243W200000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L000000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421W001000000
Output per Worker for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249W001000000
Unit Labor Costs for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238U101000000
Labor Compensation for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L021000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424210T301000000), retrieved from FRED.