Real Value-Added Output for Private Nonfarm in Rhode Island
Percent Change from Year Ago
IPUZNT011440000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
105.88%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual rate of change in industrial production. This metric is a key indicator of economic growth and manufacturing 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 'Percent Change from Year Ago' tracks the year-over-year percent change in the Federal Reserve's industrial production index. This index covers output from manufacturing, mining, and electric and gas utilities, providing a broad view of U.S. industrial activity.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts to assess the health of the U.S. economy.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The index covers over 300 manufacturing, mining, and utility series.
- Percent change from a year ago is a widely used economic indicator.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in the Federal Reserve's industrial production index, providing insight into the overall health of U.S. manufacturing and industrial activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic growth and is closely watched by economists, policymakers, and market participants to assess the strength of the U.S. industrial sector and broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' is an important input for the Federal Reserve and other policymakers when evaluating the state of the economy and making decisions on monetary policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT011440000), retrieved from FRED.