Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Finland
Annual, Seasonally Adjusted
FINPROINDAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.70
Year-over-Year Change
7.66%
Date Range
1/1/1955 - 1/1/2023
Summary
The Annual, Seasonally Adjusted series measures changes in industrial production and capacity utilization in the United States. It is a key economic indicator used by policymakers and analysts 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 Federal Reserve's industrial production index tracks the output of manufacturing, mining, and electric and gas utilities. Seasonal adjustments account for recurring fluctuations due to weather, holidays, and other factors. This data is widely referenced to understand economic conditions and inform policy decisions.
Methodology
The Federal Reserve collects and calculates this index based on a comprehensive survey of industrial facilities.
Historical Context
Economists and policymakers monitor industrial production trends to assess the broader state of the economy and make informed decisions.
Key Facts
- The industrial production index has a base year of 2017 = 100.
- Manufacturing accounts for over 75% of the total industrial production index.
- Capacity utilization measures the percentage of total industrial capacity in use.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures changes in the total industrial production and capacity utilization in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is a key economic indicator used by policymakers, economists, and analysts to assess the health and direction of the manufacturing and industrial sectors.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data through a comprehensive survey of industrial facilities and calculates the industrial production index and capacity utilization rates.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor industrial production trends to understand broader economic conditions and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical delay of about 2 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (FINPROINDAISMEI), retrieved from FRED.