Gross Domestic Product: All Industry Total in Wisconsin
Annual, Not Seasonally Adjusted
WINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
451,285.30
Year-over-Year Change
63.36%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the average annual growth rate of domestic producer prices for natural gas, a key energy commodity. This metric is critical for understanding inflationary pressures and the overall health of the U.S. energy 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 Producer Price Index for Natural Gas measures the average change in selling prices received by domestic producers of natural gas. This data series provides insight into the cost dynamics and pricing trends within the natural gas industry, which has significant implications for energy-intensive industries, consumer utility bills, and broader macroeconomic conditions.
Methodology
The data is collected through monthly surveys of a sample of producers.
Historical Context
This trend is closely monitored by policymakers, regulators, and market analysts to assess the state of the natural gas industry and its broader economic impact.
Key Facts
- Natural gas is a major input for electricity generation, industrial processes, and home heating.
- Prices paid to domestic natural gas producers impact utility bills and operating costs for businesses.
- Tracking natural gas producer prices is crucial for monitoring overall inflation and energy market dynamics.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average annual growth rate of domestic producer prices for natural gas, a critical energy commodity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into cost dynamics and pricing trends within the natural gas industry, which has significant implications for energy-intensive industries, consumer utility bills, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of domestic natural gas producers.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, regulators, and market analysts to assess the state of the natural gas industry and its broader economic impact.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into natural gas producer price trends.
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Citation
U.S. Federal Reserve, Producer Price Index for Natural Gas (WINGSP), retrieved from FRED.