Real Sectoral Output for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
Percent Change from Year Ago
IPUGN424T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
285.71%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago measures the annual change in industrial production, a key indicator of economic activity. This trend provides insights into the broader health of the manufacturing sector and overall economy.
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 Percent Change from Year Ago tracks the yearly percent change in the Federal Reserve's industrial production index, which measures the real output of U.S. factories, mines, and utilities. This metric is closely watched by economists and policymakers to assess the strength of the industrial economy.
Methodology
The Federal Reserve collects and calculates this data through surveys of industrial facilities.
Historical Context
Percent Change from Year Ago is used to monitor economic cycles and inform monetary and fiscal policy decisions.
Key Facts
- The industrial production index covers about 75% of total industrial activity in the United States.
- Percent Change from Year Ago reached a low of -16.5% in April 2020 during the COVID-19 pandemic.
- This metric has averaged around 3.5% annual growth since 1972.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the annual percent change in the Federal Reserve's industrial production index, which tracks the real output of U.S. factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health of the manufacturing sector and the broader economy, making it a closely watched indicator by economists and policymakers.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data through surveys of industrial facilities and calculates the Percent Change from Year Ago based on the industrial production index.
Q: How is this trend used in economic policy?
A: Percent Change from Year Ago is used by the Federal Reserve, government agencies, and analysts to monitor economic cycles and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes the Percent Change from Year Ago data on a monthly basis with a typical lag of around one month.
Related Trends
Unit Labor Costs for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42U100000000
Output per Worker for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233W000000000
Hours Worked for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L200000000
Real Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T010000000
Labor Productivity for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L000000000
Hours Worked for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248L200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424T011000000), retrieved from FRED.