Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,693.98
Year-over-Year Change
-0.16%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the farm product raw material merchant wholesalers industry (NAICS 4245) in the United States. It provides important insights into the wholesale trade sector and overall economic activity.
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 Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States measures the monthly industrial production index for this specific subsector of the wholesale trade industry. It serves as a key indicator of supply chain dynamics and economic conditions for agricultural commodities.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on survey responses from businesses in the wholesale trade industry.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to gauge the health of the agricultural supply chain and broader economic conditions.
Key Facts
- The index uses 2017 as the base year (2017=100).
- This subsector includes businesses that wholesale farm product raw materials such as grains, livestock, and other agricultural commodities.
- Trends in this index can signal changes in demand for agricultural inputs and the overall health of the farm economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly industrial production index for the farm product raw material merchant wholesalers industry (NAICS 4245) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into supply chain dynamics and economic conditions for the agricultural sector, making it a key indicator monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on survey responses from businesses in the wholesale trade industry.
Q: How is this trend used in economic policy?
A: Trends in this index are closely watched by policymakers and economists to assess the health of the agricultural supply chain and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, but there may be occasional delays or revisions due to the survey-based nature of the data collection.
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Citation
U.S. Federal Reserve, Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States (IPUGN4245T300000000), retrieved from FRED.