Real Sectoral Output for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States
Percent Change from Year Ago
IPUSN71395T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.90
Year-over-Year Change
-810.71%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric measures the annual percent change in the US Industrial Production Index, providing insight into the overall health and growth 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
The Industrial Production Index tracks the output of US industrial facilities, including factories, mines, and utilities. This year-over-year percent change figure is a key economic indicator used by policymakers and analysts to gauge the strength and direction of the industrial economy.
Methodology
The data is collected and calculated by the Federal Reserve based on surveys of US industrial facilities.
Historical Context
Trends in industrial production are closely monitored by the Federal Reserve and other agencies as inputs for monetary and fiscal policy decisions.
Key Facts
- The Industrial Production Index covers approximately 75% of total industrial activity in the US.
- Percent change from a year ago smooths out month-to-month volatility in the industrial production data.
- The industrial sector accounts for around 20% of total US economic output.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual percent change in the US Industrial Production Index, which measures the real output of the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in industrial production are a key indicator of overall economic health and manufacturing activity, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through surveys of industrial facilities and calculated as the percent change from the same month one year prior.
Q: How is this trend used in economic policy?
A: The industrial production data is closely monitored by the Federal Reserve and other agencies as an input for monetary and fiscal policy decisions, as it reflects the strength and direction of the manufacturing sector.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a lag of around one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUSN71395T011000000), retrieved from FRED.