Gross Domestic Product: Finance and Insurance (52) in Illinois
Annual, Not Seasonally Adjusted
ILFININSNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,713.40
Year-over-Year Change
30.42%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total Industrial Production in the United States on an annual, unadjusted basis. This metric provides important insights into the overall health and performance of the U.S. industrial 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 Industrial Production index tracks the real output of manufacturing, mining, and electric and gas utilities industries in the United States. It is a key indicator of economic activity and is closely monitored by policymakers, economists, and investors to assess the strength of the U.S. industrial base.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
Industrial production figures are used to inform economic policy decisions and provide context for analyzing market trends.
Key Facts
- The Industrial Production index has a base year of 2017 = 100.
- The index covers around 300 industrial commodities across sectors.
- Annual, not seasonally adjusted data is released on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' Industrial Production index measures the total real output of the U.S. manufacturing, mining, and utility industries on an unadjusted annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and performance of the U.S. industrial sector, which is a key driver of economic growth. It is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Industrial production figures are used to inform economic policy decisions and provide context for analyzing market trends.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted Industrial Production data is released on a monthly basis with no significant update delays.
Related Trends
Home Vacancy Rate for Illinois
ILHVAC
All Employees: Education and Health Services: Offices of Physicians in Illinois
SMU17000006562110001
Housing Inventory: Price Increased Count Month-Over-Month in Illinois
PRIINCCOUMMIL
Per Capita Personal Income in Illinois
ILPCPI
All Employees: Education and Health Services: Private Elementary and Secondary Schools in Illinois
SMU17000006561110001SA
Average Hourly Earnings of Production Employees: Manufacturing in Illinois
SMU17000003000000008
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ILFININSNGSP), retrieved from FRED.