Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
Percent Change from Year Ago
IPUGN42421L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
0.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the year-over-year percent change in the Industrial Production Index, a key indicator of U.S. 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
The Industrial Production Index (IPI) tracks the monthly output of the U.S. manufacturing, mining, and electric and gas utility sectors. The 'Percent Change from Year Ago' provides an important measure of production trends and economic momentum.
Methodology
The Federal Reserve collects and calculates the Industrial Production Index data from surveys of industrial establishments.
Historical Context
The 'Percent Change from Year Ago' is closely monitored by policymakers, analysts, and businesses to assess the strength of the U.S. industrial sector and broader economy.
Key Facts
- The Industrial Production Index covers around 75% of the total industrial output of the United States.
- Year-over-year percent changes help identify long-term trends in production rather than short-term volatility.
- Industrial production is a leading indicator of economic activity, signaling broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year percent change in the Federal Reserve's Industrial Production Index, a key indicator of U.S. manufacturing and industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The industrial production trend is closely watched by economists, policymakers, and businesses as an important barometer of the strength and momentum of the U.S. economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects the underlying Industrial Production Index data through surveys of industrial establishments across the country.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' in industrial production is a leading indicator that helps inform monetary and fiscal policy decisions by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is released monthly by the Federal Reserve with a typical lag of around 15-20 days from the end of the reference month.
Related Trends
Real Sectoral Output for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T010000000
Output per Worker for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W001000000
Sectoral Output Price Deflator for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425T050000000
Sectoral Output for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239T301000000
Labor Compensation for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L020000000
Hourly Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242U120000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN42421L021000000), retrieved from FRED.