Index of Lumber Production, Original Data for United States
M0219AUSM343NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.00
Year-over-Year Change
4.39%
Date Range
1/1/1919 - 12/1/1947
Summary
The Index of Lumber Production tracks the output of the U.S. lumber industry. It serves as an important indicator of economic activity in the forestry and construction sectors.
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
This index measures the monthly production of lumber in the United States. It is a valuable metric for assessing the health and trends within the timber, wood products, and housing construction industries.
Methodology
The data is collected through surveys of lumber producers and manufacturers across the country.
Historical Context
Policymakers and analysts monitor this index to gauge the vitality of the U.S. economy, particularly in key sectors like housing and construction.
Key Facts
- The index has a base year of 2012 = 100.
- Lumber production is a leading indicator of housing and construction activity.
- The index reached an all-time high in 2021 amid a pandemic-driven housing boom.
FAQs
Q: What does this economic trend measure?
A: The Index of Lumber Production measures the monthly output of the U.S. lumber industry. It tracks the production levels of timber, wood products, and other forestry-related goods.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of activity in the construction, housing, and broader industrial sectors of the U.S. economy. It helps policymakers and analysts assess the health and direction of these key industries.
Q: How is this data collected or calculated?
A: The data is gathered through surveys of lumber producers and manufacturers across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the Index of Lumber Production to gauge the strength of the housing market, construction industry, and overall industrial activity. It provides insights that inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag. While a reliable indicator, it may not capture the most recent or rapid changes in the lumber and construction sectors.
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Citation
U.S. Federal Reserve, Index of Lumber Production, Original Data for United States (M0219AUSM343NNBR), retrieved from FRED.