Real Value-Added Output for Private Nonfarm in Washington
Percent Change from Year Ago
IPUZNT011530000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
-18.75%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual percentage change in industrial production. It provides insight into the overall health and direction of the U.S. economy.
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 key economic indicator tracks the year-over-year change in the total output of U.S. factories, mines, and utilities. It is used by economists, policymakers, and investors to assess manufacturing activity and identify broader economic trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial establishments.
Historical Context
The percent change in industrial production is closely monitored by the Federal Reserve and other institutions for its implications on economic growth, inflation, and monetary policy.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The percent change indicator has averaged 2.5% annually since 1920.
- Positive year-over-year growth signals an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' indicator tracks the annual percentage change in the total industrial output of U.S. factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into the overall health and direction of the U.S. economy, making it closely monitored by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial establishments.
Q: How is this trend used in economic policy?
A: The percent change in industrial production is closely watched by the Federal Reserve and other institutions for its implications on economic growth, inflation, and monetary policy decisions.
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 15 days from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT011530000), retrieved from FRED.