Production: Manufacturing: Investment Goods: Total for Austria
Annual, Not Seasonally Adjusted
PRMNVG01ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.21
Year-over-Year Change
55.22%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted value of production from the mining, quarrying, and oil and gas extraction industry in the United States. It provides insights into the performance and trends within this crucial sector of the 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 annual, not seasonally adjusted production index for the mining, quarrying, and oil and gas extraction industry is an important indicator of economic activity and investment in the U.S. natural resources sector. Analysts and policymakers use this data to understand production levels, investment, and the overall health of this industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys and production reports from businesses in the relevant industries.
Historical Context
This economic trend is relevant for understanding market conditions, policy decisions, and investment trends in the U.S. energy and natural resources sectors.
Key Facts
- The mining, quarrying, and oil and gas extraction industry accounts for over 2% of U.S. GDP.
- Production in this sector declined during the COVID-19 pandemic but has since recovered.
- Trends in this index are closely watched by energy analysts and policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted production index for the mining, quarrying, and oil and gas extraction industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and health of a crucial sector of the U.S. economy, which is closely watched by analysts, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys and production reports from businesses in the relevant industries.
Q: How is this trend used in economic policy?
A: Trends in this index are used by policymakers and economists to understand market conditions, investment, and the overall health of the U.S. energy and natural resources sectors, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical delay of 1-2 months from the end of the reference period.
Related Trends
Leading Indicators OECD: Component series: Employment - Unemployment: Original series for Austria
AUTLOCOEMORSTSAM
Harmonized Index of Consumer Prices: Passenger Transport by Railway for Austria
CP0731ATM086NEST
Bank Lending Deposit Spread for Austria
DDEI02ATA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for Austria
LFHUTTMAATM647S
Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Austria
LFEM24MAATA657N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Austria
AUTCPICORAINMEI
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRMNVG01ATA661N), retrieved from FRED.