Labor Compensation for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 71311) in the United States
Percent Change from Year Ago
IPUSN71311L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
-55.48%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual rate of change in industrial production. This key economic indicator provides insights into the health and direction 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 series tracks the year-over-year percent change in the Federal Reserve's industrial production index, which covers the output of manufacturing, mining, and electric and gas utilities industries. It is a widely-watched barometer of U.S. economic activity.
Methodology
The data is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The industrial production trend is closely monitored by policymakers, economists, and investors to gauge overall economic conditions and inform policy decisions.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The index covers about 15 major industries, including mining, utilities, and manufacturing.
- Annual industrial production growth reached a high of 8.6% in 2021 as the economy recovered from the pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual rate of change in U.S. industrial production, which includes manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: Industrial production is a key indicator of overall economic health and provides insights into the performance of the manufacturing sector, making it an important metric for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this metric based on monthly surveys of industrial facilities across the United States.
Q: How is this trend used in economic policy?
A: The industrial production trend is closely monitored by the Federal Reserve and other policymakers to assess the strength of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN71311L021000000), retrieved from FRED.