Sectoral Output for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
Millions of Dollars
IPUGN424T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,323,526.63
Year-over-Year Change
43.63%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the value of total industrial production in the United States, which is a key indicator of 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 Millions of Dollars series tracks the total industrial output of manufacturing, mining, and utilities sectors in the U.S. economy. It is a widely-used barometer of the nation's industrial performance and a valuable tool for economic analysis and forecasting.
Methodology
The data is collected and calculated by the Federal Reserve based on surveys of industrial establishments.
Historical Context
This metric is closely monitored by policymakers, analysts, and investors to gauge the health and trajectory of the U.S. industrial sector.
Key Facts
- The U.S. industrial sector accounts for nearly 20% of GDP.
- Industrial production has historically been volatile, fluctuating with business cycles.
- The Millions of Dollars metric covers diverse industries like mining, utilities, and factories.
FAQs
Q: What does this economic trend measure?
A: The Millions of Dollars series measures the total volume of industrial production in the United States, including manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key barometer of overall economic health and a valuable tool for policymakers, economists, and investors to assess the performance and trajectory of the U.S. industrial sector.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this data based on surveys of industrial establishments across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Millions of Dollars metric to gauge the state of the industrial economy and inform decisions on monetary policy, regulations, and other economic interventions.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve with a typical release lag of around 2-3 weeks.
Related Trends
Labor Productivity for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L000000000
Unit Labor Costs for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U100000000
Hourly Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249U120000000
Labor Productivity for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234L001000000
Hours Worked for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247L010000000
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, Millions of Dollars (IPUGN424T300000000), retrieved from FRED.