Production: Industry: Total
OECDPRINTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-74.78%
Date Range
1/1/1976 - 1/1/2025
Summary
The 'Production: Industry: Total' trend measures the overall industrial production output for the United States. This key indicator provides insight into the health and direction of the broader 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
This industrial production index tracks changes in the real output of manufacturing, mining, and electric and gas utilities. It is a widely-used barometer of economic activity and a critical input for macroeconomic analysis and policymaking.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
The industrial production index is closely monitored by economists, investors, and policymakers as an indicator of business cycle fluctuations and inflationary pressures.
Key Facts
- The base year for the industrial production index is 2015 = 100.
- Production peaks in the U.S. typically precede economic recessions.
- The manufacturing sector accounts for over 75% of the total industrial production index.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Industry: Total' trend measures the overall real output of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key barometer of economic activity and a critical input for macroeconomic analysis, monetary policy, and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using standardized methodology.
Q: How is this trend used in economic policy?
A: The industrial production index is closely monitored by policymakers at the Federal Reserve and other institutions to assess inflationary pressures and the overall health of the economy.
Q: Are there update delays or limitations?
A: The industrial production data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Production: Industry: Total (OECDPRINTO01GYSAQ), retrieved from FRED.