Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
Percent Change from Year Ago
IPUUN812320T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
-291.30%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in the US industrial production index, providing insight into the health and direction 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
This economic indicator tracks the year-over-year percent change in the Federal Reserve's industrial production index, which measures real output for manufacturing, mining, and electric and gas utilities. It's a closely watched metric for gauging the overall state of the US industrial economy.
Methodology
The Federal Reserve calculates this index based on survey data and other inputs from industrial companies.
Historical Context
Policymakers and analysts use this trend to assess the trajectory of the manufacturing and industrial components of the US economy.
Key Facts
- The industrial production index covers around 75% of total industrial activity in the US.
- Manufacturing accounts for the largest share of the index at around 75% of the total.
- Year-over-year percent changes in this index can signal broader economic health and direction.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the US industrial production index, providing insight into the health and direction of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a closely watched indicator of the overall state of the US industrial economy, which is a key driver of broader economic growth and employment.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on survey data and other inputs from industrial companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the trajectory of the manufacturing and industrial components of the US economy, which informs broader economic policy decisions.
Q: Are there update delays or limitations?
A: The industrial production index is released monthly with a typical one-month lag, and may be subject to revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN812320T011000000), retrieved from FRED.