Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
Percent Change from Year Ago
IPUGN424W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
62.50%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator tracks the year-over-year change in industrial production, providing insight into the pace of manufacturing and 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
This series measures the percent change in industrial production compared to the same month in the previous year. It is a key metric used by economists and policymakers to assess the health and momentum of the manufacturing sector and broader economy.
Methodology
The data is calculated based on the Federal Reserve's monthly Industrial Production Index survey.
Historical Context
The percent change from a year ago is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The percent change from a year ago reached a low of -16.5% in April 2020 during the COVID-19 recession.
- This metric is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the year-over-year change in industrial production, providing insight into the pace of manufacturing and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and market participants as it offers a timely signal of the manufacturing sector's performance and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly Industrial Production Index survey.
Q: How is this trend used in economic policy?
A: The percent change from a year ago is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This metric is released monthly by the Federal Reserve with a short lag, providing timely insight into industrial production trends.
Related Trends
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Sectoral Output Price Deflator for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424W201000000), retrieved from FRED.