Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
Percent Change from Year Ago
IPUPN561510T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.10
Year-over-Year Change
254.31%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production. This key indicator provides insight into the health and growth of the U.S. manufacturing sector.
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 indicator tracks the percent change in the Federal Reserve's Industrial Production Index, which measures the real output of the manufacturing, mining, and electric and gas utility industries. The percent change from a year earlier is a widely-used metric for analyzing industrial production trends and gauging the state of the overall economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of the manufacturing economy and inform economic and monetary policy decisions.
Key Facts
- The percent change from a year ago can signal economic expansion or contraction.
- Industrial production accounts for approximately 20% of U.S. GDP.
- Declines in this metric have historically preceded economic recessions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year change in the Federal Reserve's Industrial Production Index, which tracks the real output of the manufacturing, mining, and utility industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of the U.S. manufacturing sector, a key driver of economic activity. Monitoring this trend can help policymakers and analysts assess the strength of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to inform monetary and fiscal policy decisions, as changes in industrial production can signal broader economic trends.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN561510T011000000), retrieved from FRED.