Chain-Type Quantity Index for Real GDP: Utilities (22) in Montana
Quarterly, Seasonally Adjusted
MTUTILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.64
Year-over-Year Change
-1.98%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the monthly capacity utilization rate for the U.S. manufacturing, mining, and electric and gas utilities sectors. This key economic indicator provides insight into the overall health and production capacity of the industrial economy.
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 Quarterly, Seasonally Adjusted capacity utilization rate tracks the percentage of available industrial production capacity that is actually being used by businesses. It serves as an important barometer of industrial activity and can signal emerging inflationary pressures or recessionary risks.
Methodology
The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of industrial production and capacity.
Historical Context
Policymakers and market analysts closely monitor capacity utilization to gauge the efficiency and potential growth of the U.S. industrial base.
Key Facts
- Capacity utilization averaged 79.9% in 2022.
- Utilization rates typically range from 75-85% in a healthy economy.
- Low utilization can signal economic slack or recession risk.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series tracks the percentage of available industrial production capacity that is actually being used by U.S. manufacturing, mining, and utilities businesses.
Q: Why is this trend relevant for users or analysts?
A: Capacity utilization is an important leading indicator of inflationary pressures, business investment, and overall economic activity. It provides insight into the industrial sector's ability to meet changes in demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of industrial production and capacity.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor capacity utilization to gauge the efficiency and potential growth of the U.S. industrial base, which informs decisions around monetary policy, fiscal stimulus, and business investment.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted data is published monthly with a short lag, providing timely insight into industrial activity. However, the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MTUTILQQGSP), retrieved from FRED.