Labor Productivity for Other Services (Except Public Administration): Automotive Repair and Maintenance (NAICS 8111) in the United States
Percent Change from Year Ago
IPUUN8111L001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.10
Year-over-Year Change
134.62%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' tracks the year-over-year change in the Industrial Production Index, a key indicator of overall U.S. manufacturing output and economic activity.
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 measures the real output of the manufacturing, mining, and electric and gas utility industries. Economists and policymakers closely monitor this metric to assess the health and trajectory of the U.S. industrial sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Trends in industrial production are used to inform economic policy decisions and provide insight into the broader state of the U.S. economy.
Key Facts
- The Industrial Production Index is a key metric of U.S. manufacturing output.
- Positive year-over-year growth indicates an expanding industrial sector.
- Industrial production data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the year-over-year change in the Federal Reserve's Industrial Production Index, a comprehensive measure of U.S. manufacturing, mining, and utility output.
Q: Why is this trend relevant for users or analysts?
A: Trends in industrial production provide important insights into the overall health and direction of the U.S. economy, as the industrial sector is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates the Industrial Production Index based on monthly surveys of industrial facilities across the United States.
Q: How is this trend used in economic policy?
A: Measures of industrial output, including the 'Percent Change from Year Ago', are closely monitored by economists, analysts, and policymakers to inform decisions on monetary policy, fiscal stimulus, and other economic interventions.
Q: Are there update delays or limitations?
A: The Industrial Production Index data is released monthly by the Federal Reserve with a typical lag of around one month from the end of the reference period.
Related Trends
Unit Labor Costs for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292U100000000
Employment for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142W010000000
Hours Worked for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
IPUUN81211L010000000
Real Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310T010000000
Hourly Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310U120000000
Hourly Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210U120000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN8111L001000000), retrieved from FRED.