Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Israel
Quarterly
ISRCP070200GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.28
Year-over-Year Change
-86.78%
Date Range
4/1/1985 - 7/1/2023
Summary
The Quarterly Industry Sector Capacity Utilization: Petroleum and Coal Products measures the percentage of total capacity utilized in the petroleum and coal products manufacturing industry. This metric is a key indicator of industrial production and economic activity.
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 Industry Sector Capacity Utilization: Petroleum and Coal Products represents the ratio of actual output to the industry's maximum potential output, expressed as a percentage. It provides insights into the efficiency and productivity of the petroleum and coal products manufacturing sector.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
This metric is used by policymakers, analysts, and investors to gauge the health and momentum of the energy and manufacturing industries.
Key Facts
- The maximum capacity utilization rate is 100%.
- Petroleum and coal products account for approximately 3% of total U.S. industrial production.
- Capacity utilization rates can signal inflationary pressures or production bottlenecks.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Industry Sector Capacity Utilization: Petroleum and Coal Products measures the percentage of total capacity utilized in the petroleum and coal products manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and productivity of the energy and manufacturing sectors, which are crucial for understanding overall economic conditions and guiding policy decisions.
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: Policymakers, analysts, and investors use this metric to gauge the health and momentum of the energy and manufacturing industries, which can inform decisions and forecasts.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of several weeks. There may be limitations in accurately capturing production changes or capacity adjustments in rapidly evolving industries.
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Citation
U.S. Federal Reserve, Quarterly Industry Sector Capacity Utilization: Petroleum and Coal Products (ISRCP070200GPQ), retrieved from FRED.