Value-Added Output for Private Nonfarm in Maryland
Percent Change from Year Ago
IPUZNT301240000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.80
Year-over-Year Change
77.78%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' metric measures the annual percentage change in the U.S. Industrial Production index, a key indicator of overall economic 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
This economic trend tracks the year-over-year change in industrial production, which encompasses manufacturing, mining, and utilities output. It is a widely-followed barometer of the U.S. business cycle and the health of the industrial sector.
Methodology
The Federal Reserve collects and publishes this data monthly based on surveys of industrial firms.
Historical Context
Policymakers and analysts use this metric to assess the trajectory of the economy and inform monetary and fiscal policy decisions.
Key Facts
- The U.S. industrial production index covers approximately 75% of total industrial activity.
- Annual growth in industrial production averaged 3.2% from 1972 to 2021.
- The metric bottomed at -12.5% in April 2020 during the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual percentage change in the U.S. industrial production index, a key indicator of overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a widely-followed barometer of the U.S. business cycle and the health of the industrial sector, providing insight into the trajectory of the economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and publishes this data monthly based on surveys of industrial firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the industrial sector and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around six weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT301240000), retrieved from FRED.