Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.57
Year-over-Year Change
25.28%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the real output of farm product raw material merchant wholesalers in the United States. It provides insight into the production and distribution activities of this key wholesale trade 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 Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) series tracks the inflation-adjusted output of establishments engaged in wholesaling raw agricultural products. This metric is used by economists to analyze productivity, market conditions, and the overall health of the agricultural supply chain.
Methodology
The data is collected through surveys and calculated as an index based on the North American Industry Classification System (NAICS).
Historical Context
This trend is closely monitored by policymakers, market analysts, and industry stakeholders to understand shifts in agricultural wholesale activity.
Key Facts
- The series uses 2012 as the base year for the index.
- Wholesale trade accounts for over $6 trillion in annual U.S. economic activity.
- Farm product raw material merchant wholesalers play a vital role in agricultural supply chains.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) output of establishments engaged in wholesaling raw agricultural products, such as farm supplies and unprocessed farm goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the production and distribution activities of a key wholesale trade sector, offering valuable information about agricultural supply chain dynamics and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and calculated as an index based on the North American Industry Classification System (NAICS).
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, market analysts, and industry stakeholders to understand shifts in agricultural wholesale activity and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions, and may have a short delay in reporting compared to some other economic indicators.
Related Trends
Sectoral Output for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T301000000
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T051000000
Employment for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239W010000000
Sectoral Output Price Deflator for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234T050000000
Sectoral Output for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247T300000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W000000000
Citation
U.S. Federal Reserve, Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States (IPUGN4245T010000000), retrieved from FRED.