Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Luxembourg
Index 2015=100, Monthly
PITGND02LUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.40
Year-over-Year Change
11.58%
Date Range
1/1/1990 - 12/1/2022
Summary
The Index 2015=100, Monthly trend measures the monthly production of industrial goods and materials in the United States. This metric is a key economic indicator used by policymakers and analysts to assess the health and direction of the 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 Index 2015=100, Monthly is a Federal Reserve statistical series that tracks the total volume of industrial production, including manufacturing, mining, and utilities. It is a widely followed gauge of current and future economic activity, as the industrial sector is a significant driver of overall U.S. economic growth.
Methodology
The data is collected through surveys of industrial facilities and calculated as an index relative to the base year of 2015.
Historical Context
Analysts and policymakers monitor this index to gain insights into business investment, consumer demand, and the broader economic climate.
Key Facts
- The industrial production index reached an all-time high of 108.5 in December 2018.
- The index fell sharply in 2020 due to the COVID-19 pandemic, dropping over 16% from February to April.
- The industrial sector accounts for approximately 19% of total U.S. economic output.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures the total volume of industrial production, including manufacturing, mining, and utilities, in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of current and future economic activity, as the industrial sector is a significant driver of overall U.S. economic growth. It provides insights into business investment, consumer demand, and the broader economic climate.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as an index relative to the base year of 2015.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this index to gain insights into the health and direction of the industrial sector, which is crucial for informing economic policy decisions.
Q: Are there update delays or limitations?
A: The Index 2015=100, Monthly is released by the Federal Reserve on a monthly basis, with a typical delay of around two weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PITGND02LUM661N), retrieved from FRED.