Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Australia
Annual, Seasonally Adjusted
LRIN55TTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.48
Year-over-Year Change
-16.20%
Date Range
1/1/1979 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the annual rate of change in industrial production, a key indicator of manufacturing and economic activity. This metric is closely watched by policymakers and analysts to assess the health of the U.S. industrial 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: Total Index is a monthly economic indicator that tracks changes in the real output of manufacturing, mining, and utility companies. It is a comprehensive measure of the nation's industrial production and serves as an important barometer of economic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Industrial production data is widely used by the Federal Reserve and other policymakers to inform monetary and fiscal policies.
Key Facts
- Industrial production accounts for around 20% of the U.S. GDP.
- The index covers a diverse range of industries, from mining to utilities.
- Declines in industrial production can signal an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' industrial production index measures the annual rate of change in the real output of the U.S. manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: Industrial production is a key economic indicator that provides insight into the health and direction of the U.S. economy, especially the manufacturing and industrial sectors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monthly surveys of industrial facilities and calculated as an index with a base year of 2017.
Q: How is this trend used in economic policy?
A: The industrial production index is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical delay of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Industrial Production: Total Index (LRIN55TTAUA156S), retrieved from FRED.