Sectoral Output Price Deflator for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
Percent Change from Year Ago
IPUGN4243T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-83.33%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the yearly change in the Industrial Production Index for the U.S. manufacturing sector. This metric is a key indicator of overall economic activity and production trends.
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 measures the real output of U.S. manufacturing, mining, and electric and gas utilities. The 'Percent Change from Year Ago' shows the year-over-year growth rate, providing insight into the pace and direction of industrial production.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
Economists and policymakers closely monitor this indicator to assess the health of the manufacturing economy and make informed decisions.
Key Facts
- The Industrial Production Index covers approximately 75% of the industrial output of the United States.
- Manufacturing accounts for the largest share of the Industrial Production Index at around 75%.
- The 'Percent Change from Year Ago' reached a low of -12.9% in April 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year growth rate in the U.S. Industrial Production Index, which tracks the real output of the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the pace and direction of industrial activity, which is a crucial indicator of overall economic health and a key input for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the 'Percent Change from Year Ago' to assess the strength of the manufacturing sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical release lag of around 15 days after the end of the reference month.
Related Trends
Employment for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244W200000000
Labor Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243L020000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421U110000000
Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U101000000
Real Sectoral Output for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T010000000
Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T301000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4243T051000000), retrieved from FRED.