Harmonised Unemployment - Monthly Rates: Aged 15-24: Females for the Euro Area (19 Countries)
Annual, Seasonally Adjusted
LRHU24FEEZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.38
Year-over-Year Change
-33.96%
Date Range
1/1/1995 - 1/1/2022
Summary
This annual, seasonally adjusted economic trend measures the output of the U.S. manufacturing sector, providing key insights into industrial production and economic growth.
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 the real output of manufacturing, mining, and electric and gas utilities industries in the United States. It is a widely-used indicator of economic activity and a critical input for policymakers and analysts assessing the health of the broader economy.
Methodology
The data is collected and calculated monthly by the U.S. Federal Reserve.
Historical Context
The Industrial Production Index is a crucial metric for understanding the business cycle and guiding macroeconomic policy decisions.
Key Facts
- The index has a base year of 2017 = 100.
- Manufacturing accounts for about 75% of the total index.
- The index reached a historic high in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production Index measures the real output of the U.S. manufacturing, mining, and utilities sectors, providing a comprehensive gauge of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The Industrial Production Index is a crucial indicator of economic health and a key input for policymakers, investors, and analysts seeking to understand business cycle dynamics and guide macroeconomic decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Federal Reserve based on comprehensive surveys of industrial production.
Q: How is this trend used in economic policy?
A: The Industrial Production Index is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly with a lag of around 15 days, and the data is subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Industrial Production: Manufacturing (LRHU24FEEZA156S), retrieved from FRED.