Real Gross Domestic Product: Utilities (22) in Connecticut
Quarterly, Seasonally Adjusted Annual Rate
CTUTILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,280.10
Year-over-Year Change
15.64%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the quarterly, seasonally adjusted annual rate of capacity utilization for total industry in the United States. It is an important indicator of the health and efficiency of the U.S. industrial 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
Capacity utilization tracks the extent to which industry is using its full productive capacity. This metric is closely watched by economists and policymakers as a signal of inflationary pressures, investment needs, and overall economic conditions.
Methodology
The data is collected through surveys of industrial firms and calculated as a percentage of total potential output.
Historical Context
Capacity utilization rates inform Federal Reserve monetary policy decisions and provide insight into future inflation, production, and investment trends.
Key Facts
- Capacity utilization averaged 79.7% in 2022.
- The highest rate on record was 89.4% in 1967.
- Low capacity utilization can signal economic slack and low inflation.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted annual rate of capacity utilization for total industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Capacity utilization is a key indicator of industrial productivity and efficiency, providing insights into future inflation, investment, and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial firms and calculated as a percentage of total potential output.
Q: How is this trend used in economic policy?
A: Capacity utilization rates inform Federal Reserve monetary policy decisions and provide insight into future inflation, production, and investment trends.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short delay, reflecting the time needed to collect and process the survey responses.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (CTUTILRQGSP), retrieved from FRED.