Labor Compensation for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 71394) in the United States
Percent Change from Year Ago
IPUSN71394L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-43.84%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in U.S. industrial production. This closely watched indicator provides insights into the health and trajectory of the broader economy.
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 annual percent change in the Federal Reserve's industrial production index, which encompasses manufacturing, mining, and utilities output. It is a key barometer of economic activity and an important input for macroeconomic analysis and policy decisions.
Methodology
The Federal Reserve collects and calculates this data based on surveys of industrial facilities.
Historical Context
Policymakers and analysts closely monitor this metric to gauge inflationary pressures, assess growth trends, and inform monetary and fiscal policy.
Key Facts
- The industrial production index covers around 75% of total U.S. industrial activity.
- Year-over-year production growth averaged 3.8% from 1972-2022.
- The metric reached a record high annual growth of 17.1% in April 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year change in U.S. industrial production, including manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This closely watched indicator provides insights into the health and trajectory of the broader economy, making it an important input for macroeconomic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this data based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge inflationary pressures, assess growth trends, and inform monetary and fiscal policy.
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 (IPUSN71394L021000000), retrieved from FRED.