Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for G7
G7PRINTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.91
Year-over-Year Change
-1.08%
Date Range
1/1/1960 - 3/1/2024
Summary
This economic trend tracks production volume across the G7 countries, providing insights into the overall health and activity of the industrial sector, excluding construction.
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 Production Volume: Economic Activity: Industry (Except Construction) for G7 series measures the total output of the industrial sector, excluding construction, for the Group of Seven (G7) advanced economies. This data point is a key indicator of economic performance and can inform policy decisions and market analysis.
Methodology
The data is collected through surveys and statistical reporting from government statistical agencies in the G7 countries.
Historical Context
Production volume is a closely watched metric for economists and policymakers assessing the state of the global industrial economy.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Industrial production, excluding construction, accounts for a significant portion of GDP in the G7 economies.
- Production volume data can signal shifts in consumer demand, business investment, and overall economic momentum.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the industrial sector, excluding construction, across the G7 advanced economies.
Q: Why is this trend relevant for users or analysts?
A: Production volume is a key indicator of economic performance and can inform policy decisions and market analysis for the global industrial economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and statistical reporting from government statistical agencies in the G7 countries.
Q: How is this trend used in economic policy?
A: Production volume data is closely watched by economists and policymakers to assess the state of the global industrial economy and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and statistical methodologies of the G7 government agencies, which may result in periodic update delays or revisions.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for G7 (G7PRINTO01IXOBSAM), retrieved from FRED.