Sectoral Output Price Deflator for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
Percent Change from Year Ago
IPUUN81221T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
43.48%
Date Range
1/1/1988 - 1/1/2022
Summary
The Percent Change from Year Ago metric tracks the year-over-year percent change in industrial production, providing insight into the pace of economic growth and production activities.
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 metric measures the annual percent change in industrial production, a key economic indicator that encompasses output from manufacturing, mining, and utilities sectors. It is used by economists and policymakers to assess the strength and trajectory of the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial output.
Historical Context
This trend is widely monitored by analysts and policymakers to gauge the health of the manufacturing sector and broader economic conditions.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The percent change metric can signal economic expansions or contractions.
- Positive values indicate accelerating industrial activity.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago metric tracks the annual percent change in industrial production, covering manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and direction of the broader economy, as industrial production is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the health of the manufacturing sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of around one month.
Related Trends
Hours Worked for Other Services (Except Public Administration): Death Care Services (NAICS 8122) in the United States
IPUUN8122L200000000
Labor Compensation for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310U110000000
Labor Productivity for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320L000000000
Labor Productivity for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292L000000000
Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320T301000000
Real Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN81221T051000000), retrieved from FRED.