Chain-Type Quantity Index for Real GDP: Utilities (22) in Utah
Quarterly, Seasonally Adjusted
UTUTILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.72
Year-over-Year Change
-5.48%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the capacity utilization rate in the U.S. manufacturing, mining, and electric and gas utilities industries. This metric is a key indicator of economic activity and industrial productivity.
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 the percentage of total potential output that is actually being produced by industrial facilities. It provides insights into the efficiency and health of the U.S. industrial sector, which is crucial for understanding broader economic trends.
Methodology
The data is collected through surveys of industrial firms and calculated by the Federal Reserve.
Historical Context
Capacity utilization data informs monetary and fiscal policy decisions by policymakers.
Key Facts
- The long-term average capacity utilization rate is around 80%.
- High capacity utilization can signal inflationary pressures in the economy.
- Falling capacity utilization often precedes economic recessions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the percentage of total potential output that is being produced by U.S. industrial facilities, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: Capacity utilization is a key indicator of the efficiency and health of the U.S. industrial sector, providing insights into broader economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through surveys of industrial firms and calculates the capacity utilization rate.
Q: How is this trend used in economic policy?
A: Capacity utilization data is used by policymakers, such as the Federal Reserve, to inform monetary and fiscal policy decisions that can impact the broader economy.
Q: Are there update delays or limitations?
A: The capacity utilization data is released on a quarterly basis, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (UTUTILQQGSP), retrieved from FRED.