Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
Percent Change from Year Ago
IPUGN4242T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
-20.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the year-over-year change in the Industrial Production Index, a key indicator of manufacturing activity and overall 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
This series measures the percent change in industrial production compared to the same month in the previous year. It provides insight into the pace of growth or contraction in the manufacturing sector, which is an important driver of the broader U.S. economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Economists and policymakers closely monitor this metric to assess the strength of the industrial economy and inform economic and monetary policy decisions.
Key Facts
- The Industrial Production Index covers manufacturing, mining, and electric and gas utilities.
- Year-over-year changes in industrial production can signal turning points in the business cycle.
- The percent change metric adjusts for seasonal variations in industrial activity.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the year-over-year change in the Federal Reserve's Industrial Production Index, which measures the output of the U.S. manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The industrial production data provides a timely gauge of the health and direction of the broader economy, as the manufacturing and industrial sectors are key drivers of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through monthly surveys of industrial facilities and calculated as the percent change compared to the same month in the previous year.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the strength of the industrial economy and inform decisions on monetary policy, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a lag of approximately one month.
Related Trends
Real Sectoral Output for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243T010000000
Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W201000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W000000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L201000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L020000000
Labor Productivity for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42L000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4242T051000000), retrieved from FRED.