Chain-Type Quantity Index for Real GDP: Utilities (22) in South Carolina
Quarterly, Seasonally Adjusted
SCUTILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.03
Year-over-Year Change
9.06%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly Capacity Utilization: Total Industry (SCUTILQQGSP) series measures the percentage of total industrial production capacity that is being utilized in the United States. It is an important indicator of economic activity and inflationary pressures.
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 Capacity Utilization rate tracks how much of the nation's industrial production capacity is in use. It provides insights into the level of demand for goods and services, signaling potential inflationary pressures or slack in the economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial production.
Historical Context
Policymakers and analysts monitor capacity utilization to gauge the overall health of the economy and make informed decisions.
Key Facts
- The average capacity utilization rate in the U.S. is around 80%.
- High capacity utilization can signal inflationary pressures in the economy.
- Capacity utilization is an important input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Capacity Utilization: Total Industry (SCUTILQQGSP) series measures the percentage of the nation's total industrial production capacity that is being utilized.
Q: Why is this trend relevant for users or analysts?
A: The capacity utilization rate is an important indicator of economic activity and inflationary pressures, providing insights into the level of demand for goods and services.
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 production.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor capacity utilization to gauge the overall health of the economy and make informed decisions, including monetary policy decisions by the Federal Reserve.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve, with a typical delay of a few weeks after the end of the reference quarter.
Related Trends
Personal Consumption Expenditures: Services: Food Services and Accommodations for South Carolina
SCPCEFDSRVACCMD
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in South Carolina
SCRETAILQQGSP
Gross Domestic Product: Private Goods-Producing Industries in South Carolina
SCPRIGOODPRONGSP
All Employees: Retail Trade in South Carolina
SMS45000004200000001
Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in South Carolina
SCNDURMANNGSP
All Employees: Manufacturing in South Carolina
SCMFG
Citation
U.S. Federal Reserve, Quarterly Capacity Utilization: Total Industry (SCUTILQQGSP), retrieved from FRED.