Daily
This dataset tracks daily over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1990 - 5/31/2022
Summary
The Daily Index of Natural Resources and Energy Consumption (IDNRECDM) measures daily changes in the production and consumption of natural resources and energy in the United States.
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 IDNRECDM is a leading indicator that provides insight into the current state of the U.S. economy. It is used by policymakers, analysts, and researchers to assess economic activity and make informed decisions.
Methodology
The index is calculated based on data collected from various sources by the U.S. Energy Information Administration.
Historical Context
The IDNRECDM is closely monitored by the Federal Reserve and other government agencies to inform economic policy and market forecasting.
Key Facts
- The IDNRECDM is published daily by the U.S. Federal Reserve.
- The index measures changes in production and consumption of natural resources and energy.
- The IDNRECDM is a leading indicator of economic activity in the United States.
FAQs
Q: What does this economic trend measure?
A: The Daily Index of Natural Resources and Energy Consumption (IDNRECDM) measures daily changes in the production and consumption of natural resources and energy in the United States.
Q: Why is this trend relevant for users or analysts?
A: The IDNRECDM is a leading indicator that provides insight into the current state of the U.S. economy, making it a valuable tool for policymakers, analysts, and researchers.
Q: How is this data collected or calculated?
A: The index is calculated based on data collected from various sources by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: The IDNRECDM is closely monitored by the Federal Reserve and other government agencies to inform economic policy and market forecasting.
Q: Are there update delays or limitations?
A: The IDNRECDM is published daily by the U.S. Federal Reserve, providing timely data on changes in natural resources and energy consumption.
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Citation
U.S. Federal Reserve, Daily Index of Natural Resources and Energy Consumption (IDNRECDM), retrieved from FRED.