Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region
Percent Change from Year Ago
IPUZNT051981000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
28.57%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual change in industrial production, providing insight into the health and growth of the U.S. 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 the real output of the nation's factories, mines, and utilities. It is a key barometer of the manufacturing economy and a useful leading indicator for broader economic conditions.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production index.
Historical Context
Economists and policymakers monitor this trend to assess the strength of the U.S. industrial base and its contribution to overall economic growth.
Key Facts
- The index reached a low of -12.7% in April 2020 during the COVID-19 pandemic.
- Industrial production accounts for around 20% of U.S. GDP.
- The percent change hit a high of 6.7% in March 2022 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual change in the Federal Reserve's industrial production index, which tracks the real output of U.S. factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into the health and growth of the U.S. manufacturing sector, a key driver of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production index.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of the U.S. industrial base and its contribution to overall economic growth, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT051981000), retrieved from FRED.