Production: Manufacturing: Consumer Goods: Total for United States
Monthly, Seasonally Adjusted
USAPRMNCG01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.21
Year-over-Year Change
1.03%
Date Range
1/1/1960 - 12/1/2018
Summary
The Monthly, Seasonally Adjusted industrial production index measures the total output of U.S. manufacturing, mining, and electric and gas utilities. It is a key indicator of economic activity and capacity utilization.
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 tracks changes in the real output of the U.S. industrial sector, including manufacturing, mining, and utilities. It is a widely used barometer of the health and momentum of the broader economy.
Methodology
The index is calculated based on survey data collected by the Federal Reserve.
Historical Context
The industrial production index is closely watched by policymakers, analysts, and investors as an important economic indicator.
Key Facts
- The index uses 2017 as the base year.
- The index covers over 300 individual products and product groups.
- Historically, the index has averaged around 100 since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted industrial production index measures the total output of U.S. manufacturing, mining, and electric and gas utilities.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of economic activity and capacity utilization, closely watched by policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The industrial production index is used by economists and policymakers to assess the health and momentum of the broader U.S. economy.
Q: Are there update delays or limitations?
A: The industrial production index is released monthly by the Federal Reserve with a typical lag of around 15 days.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (USAPRMNCG01IXOBSAM), retrieved from FRED.