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Number, Monthly level, Monthly, Not Seasonally Adjusted
AUSODCNPI03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,376.00
Year-over-Year Change
-5.81%
Date Range
1/1/1960 - 11/1/2023
Summary
This economic trend measures the monthly, non-seasonally adjusted level of output of the U.S. Oilseed and Grain Milling industry. It is a key indicator of activity and production in this crucial agricultural processing 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
The Oilseed and Grain Milling industry index tracks the total volume of goods produced by establishments engaged in manufacturing a variety of oilseed and grain-based products. This provides insight into the overall health and output trends of this important agricultural processing industry.
Methodology
The data is collected through monthly surveys of establishments in the industry.
Historical Context
This index is closely watched by policymakers, analysts, and industry participants to gauge the performance and market conditions of the U.S. oilseed and grain processing sector.
Key Facts
- The Oilseed and Grain Milling industry accounts for over $300 billion in annual economic output.
- The U.S. is the world's largest producer and exporter of many oilseed and grain products.
- Soybean crushing and corn milling are major components of this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, non-seasonally adjusted level of output in the U.S. Oilseed and Grain Milling industry, providing insight into the production volume of a crucial agricultural processing sector.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of activity and performance in the U.S. oilseed and grain processing industry, which has significant economic and policy implications.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments in the Oilseed and Grain Milling industry.
Q: How is this trend used in economic policy?
A: This index is closely watched by policymakers, analysts, and industry participants to gauge the health and market conditions of the U.S. oilseed and grain processing sector, which has broad implications for agricultural markets and the broader economy.
Q: Are there update delays or limitations?
A: The Oilseed and Grain Milling industry index is released on a monthly basis, with a short publication delay.
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Citation
U.S. Federal Reserve, Number, Monthly level, Monthly, Not Seasonally Adjusted (AUSODCNPI03MLM), retrieved from FRED.