Production: Industry: Total Industry Excluding Construction for United States
PRINTO01USA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.27
Year-over-Year Change
-108.87%
Date Range
1/1/1920 - 1/1/2024
Summary
The 'Production: Industry: Total Industry Excluding Construction' trend measures the overall industrial production in the United States, excluding the construction sector. This indicator is closely watched by economists and policymakers as a key gauge of the health 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 monthly index tracks the total volume of industrial output in the U.S., including manufacturing, mining, and utilities, but excluding construction activity. It is a valuable economic indicator that provides insight into the current state and trajectory of industrial production, which is a key driver of GDP growth.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The total industrial production index is used by analysts, investors, and policymakers to assess the strength of the U.S. economy and inform economic and monetary policy decisions.
Key Facts
- The index uses 2017 as the base year.
- It covers approximately 75% of the total industrial output in the United States.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Industry: Total Industry Excluding Construction' trend measures the overall volume of industrial production in the United States, excluding the construction sector.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of the U.S. economy, as industrial production is a major driver of GDP growth. Analysts and policymakers closely monitor this trend to assess the strength of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The total industrial production index is used by policymakers, such as the Federal Reserve, to inform economic and monetary policy decisions, as it provides insight into the overall strength and direction of the U.S. economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical delay of several weeks between the end of the reporting period and the release of the data.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for United States (PRINTO01USA659S), retrieved from FRED.