Value-Added Output for Private Nonfarm in Indiana
Percent Change from Year Ago
IPUZNT301180000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
56.41%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of change in industrial production. This key indicator provides insight into the health and momentum 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 series 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 serves as an important barometer of economic activity and is closely watched by economists and policymakers.
Methodology
The data is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The 'Percent Change from Year Ago' industrial production metric is a leading indicator used to assess the overall strength of the U.S. economy.
Key Facts
- The series dates back to 1919.
- The all-time high was 13.1% in April 1973.
- The all-time low was -13.7% in June 2009.
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 health of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key leading indicator that economists and policymakers closely monitor to assess the overall strength and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Changes in industrial production are closely watched by the Federal Reserve and other policymakers as they consider monetary policy decisions and their potential impact on the broader economy.
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 one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT301180000), retrieved from FRED.