Real Gross Domestic Product: Utilities (22) in North Dakota
Annual, Not Seasonally Adjusted
NDUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,435.50
Year-over-Year Change
34.40%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the capacity utilization rate for the U.S. economy, providing insights into the intensity of resource usage and potential inflationary pressures.
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 capacity utilization rate tracks the percentage of available productive capacity that is being utilized by businesses. This metric is closely monitored by policymakers and analysts as an indicator of economic conditions and inflation risks.
Methodology
The data is collected through surveys of industrial production and capacity levels.
Historical Context
The capacity utilization rate is a key input for Federal Reserve monetary policy decisions.
Key Facts
- The all-time high for capacity utilization was 89.4% in 1967.
- Capacity utilization typically falls during recessions as demand declines.
- Low capacity utilization can signal economic slack and downward pressure on inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the percentage of available industrial production capacity that is being utilized by businesses in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The capacity utilization rate is a key indicator of economic conditions and inflationary pressures, providing insights into how intensively the economy is using its productive resources.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial production and capacity levels by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The capacity utilization rate is a crucial input for Federal Reserve monetary policy decisions, as it signals the extent of economic slack and inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The capacity utilization data is released monthly with a short lag, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NDUTILRGSP), retrieved from FRED.