Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Luxembourg
Index 2015=100, Annual
PITGIG02LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.38
Year-over-Year Change
85.35%
Date Range
1/1/1980 - 1/1/2022
Summary
The Industrial Production Index (Annual) measures the monthly change in U.S. industrial production. It is a key economic indicator used to assess the health and output of the manufacturing, mining, and utilities 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
The Industrial Production Index tracks changes in the real output of the U.S. industrial sector, including manufacturing, mining, and electric and gas utilities. It is a widely followed metric for analyzing trends in business activity and economic growth.
Methodology
The index is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The Industrial Production Index is closely monitored by policymakers, economists, and investors to gauge the strength of the overall economy.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Manufacturing accounts for about 75% of the total index.
- The index reached an all-time high of 110.1 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production Index measures the monthly change in 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 Industrial Production Index is a key indicator of economic activity and the health of the manufacturing and industrial sectors, providing valuable insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The Industrial Production Index is closely monitored by policymakers and central banks to assess the strength of the overall economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly by the Federal Reserve, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGIG02LUA661N), retrieved from FRED.