Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Illinois
Annual, Not Seasonally Adjusted
ILNDURMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,748.40
Year-over-Year Change
59.49%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total industrial production of durable manufacturing in the United States. This metric is a key indicator of the overall health and performance of the U.S. 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: Durable Manufacturing index tracks the volume of goods produced by American durable goods manufacturers on an annual, non-seasonally adjusted basis. This data provides insight into the productivity and economic output of a vital component of the U.S. economy.
Methodology
The Federal Reserve compiles this index based on survey data from manufacturing establishments.
Historical Context
Economists and policymakers monitor this industrial production metric to assess the state of the U.S. economy and inform economic policy decisions.
Key Facts
- Durable manufacturing accounts for over 40% of total U.S. industrial production.
- The index tracks output of industries like transportation equipment, machinery, and electronics.
- Durable goods production is a leading indicator of broader economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total industrial production of durable manufacturing in the United States. This includes output from industries like transportation equipment, machinery, and electronics.
Q: Why is this trend relevant for users or analysts?
A: Durable goods production is a key indicator of the health and performance of the U.S. manufacturing sector, which is a vital component of the broader economy. Analysts and policymakers monitor this metric to assess economic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve compiles this index based on survey data from manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely follow this industrial production metric to gauge the state of the U.S. economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Industrial Production: Durable Manufacturing (ILNDURMANNGSP), retrieved from FRED.