Hourly Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
Percent Change from Year Ago
IPUUN81142U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
140.74%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' indicator tracks the year-over-year change in industrial production, providing insight into the overall health 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
This series measures the percent change in industrial production from the same month of the previous year. It is a key economic indicator used by policymakers, analysts, and businesses to assess the trajectory of the manufacturing industry and the broader economy.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of industrial facilities.
Historical Context
Changes in industrial production can influence decisions around monetary and fiscal policy, as well as investment and production planning.
Key Facts
- The industrial production index measures output from manufacturing, mining, and utilities sectors.
- Year-over-year percent change provides a useful benchmark for evaluating the pace of economic growth.
- Industrial production is a leading indicator of overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the year-over-year change in industrial production, providing insight into the overall health of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Changes in industrial production are closely watched by policymakers, analysts, and businesses as it provides a timely signal about the trajectory of the manufacturing industry and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Fluctuations in industrial production can influence decisions around monetary and fiscal policy, as well as investment and production planning.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81142U121000000), retrieved from FRED.