Gross Domestic Product: Utilities (22) in Arizona
Annual, Not Seasonally Adjusted
AZUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,066.40
Year-over-Year Change
29.63%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the annual average of the industrial production index for utilities. This metric is crucial for analyzing long-term changes in the utilities sector and its contribution to the broader economy.
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 for utilities tracks the real output of establishments that generate, transmit, and distribute electric power, natural gas, and steam supply systems. This annual, non-seasonally adjusted data provides a high-level view of production trends in the utilities industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial establishments.
Historical Context
This index is widely used by economists, policymakers, and market analysts to assess the health and performance of the utilities sector.
Key Facts
- The utilities sector accounts for around 10% of U.S. industrial production.
- Utilities output has grown at an average annual rate of 1.5% over the past decade.
- Natural gas and electricity generation make up the majority of utilities production.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the annual average of the industrial production index for the utilities sector, which includes establishments that generate, transmit, and distribute electric power, natural gas, and steam.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into long-term production trends in the utilities industry, which is a key component of the U.S. industrial economy. It is widely used by economists, policymakers, and market analysts to assess the health and performance of the utilities sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial establishments.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this utilities production index to gauge the overall strength of the industrial sector and to inform decisions related to energy policy, infrastructure investment, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted data is published with a lag of several months, so it may not reflect the most recent production trends. Additionally, the index does not capture all aspects of the utilities sector, such as distribution and service-related activities.
Related Trends
Gross Domestic Product: Retail Trade (44-45) in Arizona
AZRETAILNQGSP
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona
AZGOVQGSP
Gross Domestic Product: Manufacturing (31-33) in Arizona
AZMANNQGSP
State Government Tax Collections, Corporations in General Licenses in Arizona
AZCORPLICTAX
Gross Domestic Product: Utilities (22) in Arizona
AZUTILNQGSP
Total Carbon Dioxide Emissions From All Sectors, Petroleum for Arizona
EMISSCO2TOTVTTPEAZA
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AZUTILNGSP), retrieved from FRED.