Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Israel
Quarterly
ISRCP110000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.13
Year-over-Year Change
18.01%
Date Range
1/1/1993 - 7/1/2023
Summary
The Quarterly Industrial Production Index measures changes in the total industrial output of the U.S. economy on a quarterly basis. This key economic indicator is closely monitored by policymakers and analysts to assess the health and direction of the overall 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 Quarterly Industrial Production Index tracks the real output of manufacturing, mining, and electric and gas utilities industries in the United States. It is a comprehensive measure of the nation's industrial activity and a leading indicator of broader economic trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The Quarterly Industrial Production Index is a critical input for economic analysis and monetary policy decisions.
Key Facts
- The index uses 2017 as the base year (2017 = 100).
- Manufacturing accounts for about 75% of the total index.
- The index reached an all-time high of 104.7 in the fourth quarter of 2018.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Industrial Production Index measures the real output of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of overall economic health and a leading predictor of broader economic activity. It is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The Federal Reserve collects monthly survey data from industrial facilities and aggregates it to produce the quarterly index.
Q: How is this trend used in economic policy?
A: The Quarterly Industrial Production Index is a critical input for the Federal Reserve and other policymakers in assessing the state of the economy and making monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published with a lag of approximately one month after the end of each quarter. The data may be subject to periodic revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, Quarterly Industrial Production Index (ISRCP110000IXNBQ), retrieved from FRED.