Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
Percent Change from Year Ago
IPUUN812320T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
286.96%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Percent Change from Year Ago' metric tracks the yearly change in the US Industrial Production Index, a leading indicator of 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 (IPI) measures the real output of U.S. manufacturing, mining, and electric and gas utilities. The year-over-year percent change provides insight into the pace of industrial production growth.
Methodology
The IPI is compiled monthly by the Federal Reserve based on data from various government and private sources.
Historical Context
Economists and policymakers use this metric to assess the health and trajectory of the U.S. industrial sector.
Key Facts
- The IPI covers around 75% of the total industrial output of the United States.
- Industrial production accounts for around 19% of U.S. GDP.
- The year-over-year percent change reached a high of 7.7% in March 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the yearly change in the U.S. Industrial Production Index, a leading indicator of manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the growth trajectory of the U.S. industrial sector, which is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The Industrial Production Index is compiled monthly by the Federal Reserve based on data from various government and private sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the health and direction of the U.S. industrial sector, which informs economic forecasting and policy decisions.
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 2 months.
Related Trends
Employment for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 811310) in the United States
IPUUN811310W201000000
Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310T301000000
Unit Labor Costs for Other Services (Except Public Administration): Automotive Repair and Maintenance (NAICS 8111) in the United States
IPUUN8111U101000000
Unit Labor Costs for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
IPUUN81211U100000000
Hours Worked for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 812310) in the United States
IPUUN812310L010000000
Real Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T011000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUUN812320T051000000), retrieved from FRED.