Production: Mining: Total for Russia
Quarterly, Seasonally Adjusted
PRMITO01RUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.57
Year-over-Year Change
3.20%
Date Range
1/1/1999 - 10/1/2021
Summary
The Quarterly, Seasonally Adjusted trend measures the percentage change in industrial production of motor vehicles and parts on a quarterly basis. This indicator is closely watched by economists and policymakers to gauge the health of the manufacturing 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 index for motor vehicles and parts tracks the total volume of output from this key U.S. industry. The seasonally adjusted, quarterly data provides a timely snapshot of trends in this important economic segment.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
This indicator is widely used to inform economic policy decisions and market analysis.
Key Facts
- Motor vehicles and parts account for over 5% of total U.S. industrial production.
- Output in this sector can signal broader trends in consumer demand and business investment.
- Quarterly data allows for timely tracking of production shifts.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the percentage change in industrial production of motor vehicles and parts on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as it provides insight into the health of the U.S. manufacturing sector, a key driver of economic growth.
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 manufacturing facilities.
Q: How is this trend used in economic policy?
A: This indicator is widely used to inform economic policy decisions and market analysis, as it provides timely insights into production trends within the automotive industry.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, providing a relatively current snapshot of production trends.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (PRMITO01RUQ661S), retrieved from FRED.