Value-Added Output for Private Nonfarm in Montana
Percent Change from Year Ago
IPUZNT301300000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-10.64%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual rate of change in industrial production, providing insight into the manufacturing sector's performance.
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 trend tracks the year-over-year percentage change in the Federal Reserve's industrial production index, which captures output from manufacturing, mining, and electric and gas utilities. It is a key indicator used by economists and policymakers to assess the health and direction of the U.S. economy.
Methodology
The data is collected through surveys of industrial facilities and calculated as the annual percent change in the industrial production index.
Historical Context
Analysts and policymakers monitor this indicator to gauge the strength of the manufacturing economy and its implications for broader economic growth.
Key Facts
- The index covers around 75% of total industrial production in the United States.
- Negative year-over-year percent changes indicate a contraction in industrial output.
- The industrial production index is a monthly economic indicator published by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual rate of change in the Federal Reserve's industrial production index, which tracks output from manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and direction of the U.S. manufacturing sector, which is a key driver of economic growth. It is closely monitored by economists and policymakers to assess the broader health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as the annual percent change in the Federal Reserve's industrial production index.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to gauge the strength of the manufacturing economy and its implications for overall economic growth, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT301300000), retrieved from FRED.