Hourly Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
Percent Change from Year Ago
IPUGN424U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-12.20%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the year-over-year change in industrial production, providing insight into the pace of economic growth and manufacturing output.
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 trend represents the annual percentage change in the total industrial production index, which tracks the real output of the manufacturing, mining, and utilities sectors. It is a widely watched indicator of overall economic activity and capacity utilization.
Methodology
The data is calculated from the Federal Reserve's monthly industrial production index.
Historical Context
Policymakers and analysts closely monitor this metric to assess the health of the U.S. economy and inform monetary and fiscal decisions.
Key Facts
- The U.S. industrial production index covers approximately 75% of total industrial activity.
- Industrial production reached a pandemic low in April 2020 but has since recovered to pre-crisis levels.
- The percent change metric helps identify turning points in the business cycle and overall economic momentum.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percentage change in total U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of economic growth and the health of the manufacturing sector, which are key factors considered by policymakers and investors.
Q: How is this data collected or calculated?
A: The data is calculated from the Federal Reserve's monthly industrial production index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess overall economic activity and capacity utilization, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around one month.
Related Trends
Labor Productivity for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244L000000000
Real Sectoral Output for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42T010000000
Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T301000000
Real Sectoral Output for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236T011000000
Output per Worker for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239W000000000
Sectoral Output for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T301000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424U121000000), retrieved from FRED.