Monthly, Not Seasonally Adjusted
This dataset tracks monthly, not seasonally adjusted over time.
Latest Value
43.40
Year-over-Year Change
3.83%
Date Range
1/1/1990 - 7/1/2025
Summary
The Monthly, Not Seasonally Adjusted series measures the industrial production index for the iron and steel industry in the United States. This metric provides insight into the health and activity of a key manufacturing 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 industrial production index tracks the real output of the iron and steel industry, which encompasses smelting, rolling, and finishing of iron and steel products. This data is a valuable indicator of economic conditions and industrial activity.
Methodology
The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing establishments.
Historical Context
The iron and steel production index is closely monitored by policymakers, analysts, and industry participants to assess the state of the U.S. economy and manufacturing sector.
Key Facts
- The index has a base year of 2017 = 100.
- Iron and steel production accounts for over 2% of total U.S. industrial output.
- The index reached a peak in 2018 before declining in 2019 and 2020.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Not Seasonally Adjusted series measures the industrial production index for the iron and steel industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of a key manufacturing sector, offering valuable information about economic conditions and industrial activity.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing establishments.
Q: How is this trend used in economic policy?
A: The iron and steel production index is closely monitored by policymakers, analysts, and industry participants to assess the state of the U.S. economy and manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (IDFIREN), retrieved from FRED.