Labor Productivity for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States
Percent Change from Year Ago
IPUSN713940L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
-1880.00%
Date Range
1/1/2003 - 1/1/2022
Summary
The Percent Change from Year Ago trend measures the year-over-year change in industrial production. It is a key economic indicator used by policymakers and analysts to assess the health and direction 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
The Percent Change from Year Ago series tracks the annual rate of change in industrial production, which includes output from manufacturing, mining, and utilities industries. This metric provides insight into the broader trajectory of the U.S. economy and is closely monitored by the Federal Reserve and other economic authorities.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production index.
Historical Context
The Percent Change from Year Ago trend helps inform monetary and fiscal policy decisions that can impact employment, consumer prices, and other critical economic variables.
Key Facts
- The U.S. industrial production index reached an all-time high in 2018.
- Manufacturing accounts for over 75% of total U.S. industrial production.
- The Percent Change from Year Ago trend hit a low of -12.7% during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago trend measures the annual rate of change in U.S. industrial production, which includes manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and direction of the U.S. economy, making it a closely watched indicator by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production index.
Q: How is this trend used in economic policy?
A: The Percent Change from Year Ago trend helps inform monetary and fiscal policy decisions that can impact employment, consumer prices, and other critical economic variables.
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 (IPUSN713940L001000000), retrieved from FRED.