Value-Added Output for Private Nonfarm in Washington
Percent Change from Year Ago
IPUZNT301530000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
-16.42%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' trend measures the annual percent change in industrial production. This key indicator provides insight into the overall health and direction of the U.S. economy.
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
The industrial production index tracks changes in the real output of manufacturing, mining, and electric and gas utilities industries. The percent change from a year ago is a widely followed metric that reflects the trajectory of economic growth.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the broader macroeconomic environment.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The index covers manufacturing, mining, and utilities sectors.
- Annual percent change is a leading indicator of overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the Federal Reserve's industrial production index, which tracks the real output of manufacturing, mining, and utilities industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and trajectory of the broader U.S. economy, as industrial production is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the macroeconomic environment and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve with minimal delays, providing timely insights into current economic conditions.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT301530000), retrieved from FRED.