Gross Domestic Product: Utilities (22) in Illinois
Annual, Not Seasonally Adjusted
ILUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,716.30
Year-over-Year Change
70.64%
Date Range
1/1/1997 - 1/1/2024
Summary
The Industrial Capacity Utilization rate measures the percentage of manufacturing, mining, and electric and gas utility industries' capacity that is in use. It provides insight into inflationary pressures and economic conditions.
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 Capacity Utilization rate is a key economic indicator that reflects the degree to which industry is utilizing its full production capacity. It is used by policymakers, analysts, and businesses to assess inflationary risks and gauge the overall health of the economy.
Methodology
The data is collected and calculated monthly by the Federal Reserve Board.
Historical Context
The Capacity Utilization rate is monitored closely by the Federal Reserve as it helps inform monetary policy decisions.
Key Facts
- The long-term average capacity utilization rate is around 80%.
- High capacity utilization (above 85%) can signal inflationary pressures in the economy.
- Low capacity utilization (below 75%) typically indicates economic slack and underutilized resources.
FAQs
Q: What does this economic trend measure?
A: The Industrial Capacity Utilization rate measures the percentage of the nation's industrial production capacity that is in use. It covers manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures, industrial production, and the overall health of the economy. It is closely monitored by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The Federal Reserve Board collects and calculates the Industrial Capacity Utilization rate on a monthly basis.
Q: How is this trend used in economic policy?
A: The Capacity Utilization rate is a key input that the Federal Reserve uses to inform its monetary policy decisions and manage inflation targets.
Q: Are there update delays or limitations?
A: The Industrial Capacity Utilization data is released on a monthly basis with a lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Industrial Capacity Utilization (ILUTILNGSP), retrieved from FRED.