Labor Productivity for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
Percent Change from Year Ago
IPUGN42L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-5.26%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the year-over-year change in industrial production, a key economic indicator of manufacturing activity and 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 economic trend measures the annual percentage change in the total industrial production index, which covers manufacturing, mining, and utilities. It provides insight into the overall health and direction of the U.S. industrial sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Policymakers and analysts use this metric to assess the strength of the manufacturing economy and inform decisions around monetary and fiscal policy.
Key Facts
- The index reached a peak of 105.7 in December 2018.
- Industrial production fell sharply during the COVID-19 pandemic in 2020.
- The year-over-year change has averaged 2.3% over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percentage change in the total industrial production index, which covers manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and direction of the U.S. industrial sector, which is a key driver of economic growth and a focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the manufacturing economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
Related Trends
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Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
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Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T301000000
Sectoral Output for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247T301000000
Output per Worker for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241W000000000
Output per Worker for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231W000000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN42L001000000), retrieved from FRED.