Value-Added Output for Private Nonfarm in Louisiana
Percent Change from Year Ago
IPUZNT301220000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
40.74%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the year-over-year change in industrial production, providing insight into the health 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 annual percent change in the Federal Reserve's industrial production index, which covers output from manufacturing, mining, and electric and gas utilities. It is a key barometer of the nation's overall economic activity.
Methodology
The Federal Reserve calculates this metric based on monthly surveys of industrial facilities.
Historical Context
Policymakers and analysts closely monitor this trend to assess the direction of the business cycle and plan appropriate monetary and fiscal interventions.
Key Facts
- The index reached a recent peak of 6.1% in March 2022.
- Manufacturing accounts for over 75% of the industrial production index.
- The metric has averaged 2.4% annual growth since 1972.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' tracks the annual percent change in the Federal Reserve's industrial production index, which covers manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and direction of the U.S. economy, as industrial production is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this indicator based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the 'Percent Change from Year Ago' to assess the business cycle and inform appropriate monetary and fiscal interventions.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this metric on a monthly basis, with a typical release lag of about 2-3 weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT301220000), retrieved from FRED.