Real Sectoral Output for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
Percent Change from Year Ago
IPUGN4246T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-64.29%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insight into broader economic trends and performance.
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 measure compares the current value of an economic indicator to its value one year prior, expressed as a percentage change. It is a widely used metric for analyzing economic growth, inflation, and other key factors.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic time series.
Historical Context
Policymakers and analysts closely monitor this trend to inform decisions and assessments about the state of the economy.
Key Facts
- The Percent Change from Year Ago can be positive or negative.
- It is calculated as the percent change between the current and prior year's values.
- This trend is a key indicator of the overall health and direction of the economy.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in an economic indicator, providing insight into broader economic trends and performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and analysts to assess economic growth, inflation, and other key factors that drive the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic time series.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to inform decisions and assessments about the state of the economy, which can influence policy actions and interventions.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is updated regularly by the Federal Reserve, but may be subject to revisions or delays in the underlying source data.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236T050000000
Sectoral Output Price Deflator for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T051000000
Employment for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245W010000000
Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T051000000
Labor Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L021000000
Hours Worked for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN4246T011000000), retrieved from FRED.