Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for India
Quarterly
INDCP020000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.37
Year-over-Year Change
20.24%
Date Range
1/1/2013 - 1/1/2019
Summary
The Quarterly Industrial Production Index measures changes in total industrial production in the U.S. over time. This broad indicator is closely watched by economists and policymakers to assess the health and direction of the overall 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 Quarterly Industrial Production Index tracks the total volume of goods produced by manufacturing, mining, and electric and gas utilities industries in the United States. It is a key economic indicator used to evaluate trends in business activity, consumer demand, and the broader state of the economy.
Methodology
The data is collected through surveys of industrial facilities and calculated by the U.S. Federal Reserve.
Historical Context
The Industrial Production Index is a leading indicator used by the Federal Reserve, economists, and market analysts to inform policy decisions and investment strategies.
Key Facts
- The index is calculated with a base year of 2017 = 100.
- Manufacturing accounts for over 75% of the total industrial production index.
- The index reached an all-time high of 105.3 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Industrial Production Index measures the total volume of goods produced by U.S. manufacturing, mining, and utilities industries over time.
Q: Why is this trend relevant for users or analysts?
A: The Industrial Production Index is a key economic indicator used to assess the overall health and direction of the U.S. economy, providing insights into business activity, consumer demand, and industrial capacity utilization.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Industrial Production Index is closely monitored by the Federal Reserve, economists, and market analysts to inform policy decisions, economic forecasts, and investment strategies.
Q: Are there update delays or limitations?
A: The Quarterly Industrial Production Index is released with a lag of approximately two months, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Quarterly Industrial Production Index (INDCP020000IXNBQ), retrieved from FRED.