Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Illinois
Annual, Not Seasonally Adjusted
ILMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.20
Year-over-Year Change
4.43%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total industrial production in the United States. This metric is a key indicator of the overall health and performance of the U.S. 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 tracks the real output of manufacturing, mining, and electric and gas utilities. It is a comprehensive measure of the nation's economic activity and a crucial data point for policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The industrial production index is closely monitored by the Federal Reserve and other economic institutions to assess current conditions and guide policy decisions.
Key Facts
- The index has a base year of 2017 = 100.
- Manufacturing accounts for over 75% of the total index.
- Industrial production declined sharply during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted industrial production index measures the total real output of the manufacturing, mining, and utilities sectors in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the overall health and performance of the U.S. economy, providing insight into the nation's industrial activity and capacity utilization.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The industrial production index is closely monitored by the Federal Reserve and other policymakers to assess current economic conditions and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve, with a typical release lag of around two weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ILMANQGSP), retrieved from FRED.