Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
Percent Change from Year Ago
IPUPN56172T051000000 • 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' trend measures the annual change in industrial production, providing insight into the overall health of the 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 year-over-year percentage change in total industrial production, which encompasses manufacturing, mining, and utilities. It is a key barometer of economic activity and an important input for policymakers and analysts assessing the trajectory of the U.S. economy.
Methodology
The Federal Reserve Board calculates this index based on data collected from manufacturing, mining, and utility firms.
Historical Context
Policymakers and investors monitor this metric to gauge the strength of the industrial economy and inform decisions around monetary policy and investment strategy.
Key Facts
- Industrial production accounts for approximately 20% of U.S. GDP.
- The percent change from year ago reflects the pace of economic growth or contraction.
- This metric is a leading indicator, providing an early signal of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percentage change in total industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health of the industrial economy and provides important insights for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve Board calculates this index based on data collected directly from manufacturing, mining, and utility companies.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this indicator to assess the strength of the industrial sector and inform decisions around monetary policy and economic stimulus.
Q: Are there update delays or limitations?
A: The Federal Reserve releases this data on a monthly basis, with a typical publication lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN56172T051000000), retrieved from FRED.