Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
Percent Change from Year Ago
IPUPN561720T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
928.57%
Date Range
1/1/1988 - 1/1/2022
Summary
The Percent Change from Year Ago indicator measures the annual change in industrial production, reflecting economic growth and manufacturing 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 industrial production index tracks the total output of U.S. manufacturing, mining, and electric and gas utilities. It is a key metric for assessing the health and trajectory of the broader economy.
Methodology
The Federal Reserve compiles this data from surveys of industrial facilities.
Historical Context
Economists and policymakers monitor this index to gauge the strength of the industrial sector and identify emerging trends.
Key Facts
- The index covers around 75% of total industrial production.
- Manufacturing accounts for over 75% of the total index weight.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago indicator measures the annual change in U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key barometer of the health and direction of the broader economy, providing insights into manufacturing activity, economic growth, and industrial sector performance.
Q: How is this data collected or calculated?
A: The Federal Reserve compiles this data from monthly surveys of industrial facilities across the United States.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the strength of the industrial sector and identify emerging economic trends, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago data is released monthly by the Federal Reserve, with a typical lag of around one month.
Related Trends
Unit Labor Costs for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
IPUPN561720U100000000
Employment for Administrative and Support and Waste Management and Remediation Services: Remediation and Other Waste Services (NAICS 5629) in the United States
IPUPN5629W200000000
Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172U110000000
Employment for Administrative and Support and Waste Management and Remediation Services: Waste Management and Remediation Services (NAICS 562) in the United States
IPUPN562W200000000
Employment for Administrative and Support and Waste Management and Remediation Services: Waste Treatment and Disposal (NAICS 56221) in the United States
IPUPN56221W010000000
Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172L020000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN561720T051000000), retrieved from FRED.