International Merchandise Trade Statistics: Trade Balance: Commodities for G7
Monthly, Seasonally Adjusted
G7XTNTVA01CXMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-108,376,900,000.00
Year-over-Year Change
2.46%
Date Range
1/1/1970 - 4/1/2025
Summary
This series measures the U.S. total industrial production index on a monthly, seasonally adjusted basis. It is a key indicator of the health and performance of the overall 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 total industrial production index tracks the real output of manufacturing, mining, and electric and gas utilities industries in the United States. It is used by policymakers, analysts, and businesses to monitor economic trends and assess the broader state of the industrial sector.
Methodology
The Federal Reserve collects and calculates this index based on data from various industrial and economic surveys.
Historical Context
The industrial production index helps inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2017.
- Mining accounts for about 13% of total industrial production.
- The index reached an all-time high in December 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the real output of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of economic health and activity, used by policymakers, businesses, and analysts to monitor the industrial sector.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on data from various industrial and economic surveys.
Q: How is this trend used in economic policy?
A: The industrial production index helps inform monetary and fiscal policy decisions by providing insights into the state of the overall economy.
Q: Are there update delays or limitations?
A: The index is released monthly with a typical lag of about 15 days from the end of the reference month.
Related Trends
Balance of Payments: Direct Investment: Liabilities (or Net Incurrence of Liabilities) for G7
G7B6FADI03CXCUQ
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for G7
G7B6BLTT02STSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for G7
G7LRHUTTMASTSAM
Balance of Payments: Portfolio Investment: Net (Assets Minus Liabilities) for G7
G7B6FAPI10CXCUQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for G7
G7LRHU24TTSTM
Balance of Payments: Services: Balance (Revenue Minus Expenditure) for G7
G7B6BLSE01CXCUQ
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (G7XTNTVA01CXMLSAM), retrieved from FRED.