Gross Domestic Product: Information (51) in Illinois
Annual, Not Seasonally Adjusted
ILINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,388.40
Year-over-Year Change
79.36%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend tracks the annual percentage change in industrial production for the manufacturing, mining, and utilities sectors in the United States. This metric provides insight into the overall health and activity of the U.S. industrial 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 'Annual, Not Seasonally Adjusted' industrial production index measures the real output of the manufacturing, mining, and utilities sectors in the United States. It is a key barometer of economic activity and an important input for policymakers and analysts assessing the business cycle.
Methodology
The Federal Reserve calculates this index based on comprehensive monthly surveys of industrial activity.
Historical Context
Trends in the industrial production index are closely monitored by the Federal Reserve and other policymakers for insights into the overall state of the U.S. economy.
Key Facts
- The industrial production index covers about 75% of the output of the U.S. industrial economy.
- Annual industrial production growth averaged 2.6% from 1972 to 2022.
- Industrial production declined sharply during the 2008-2009 recession but has since recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' industrial production index tracks the year-over-year percentage change in real output of the U.S. manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a crucial indicator of overall economic activity and business cycle dynamics, providing insights that inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on comprehensive monthly surveys of industrial activity across the U.S.
Q: How is this trend used in economic policy?
A: Trends in the industrial production index are closely monitored by the Federal Reserve and other policymakers for insights into the overall state of the U.S. economy, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The industrial production index is released monthly with a typical delay of around one month, and the data can be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ILINFONGSP), retrieved from FRED.