Average Weekly Hours of All Employees: Construction in Florida
Monthly
SMU12000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.10
Year-over-Year Change
-2.98%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend tracks the monthly change in industrial production in the United States. This key indicator provides insight into the health and direction of the U.S. economy.
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 'Monthly' trend measures the month-over-month change in the total industrial production index, which encompasses manufacturing, mining, and utilities output. It is a widely followed gauge of business activity and capacity utilization that helps economists and policymakers assess the broader economic conditions.
Methodology
This data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Monitoring the monthly industrial production trend is crucial for understanding the current state of the U.S. economy and informing policy decisions.
Key Facts
- Industrial production accounts for around 20% of U.S. GDP.
- The index reached an all-time high in December 2018.
- Manufacturing makes up over 75% of total industrial production.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend tracks the month-over-month change in the total industrial production index, which includes manufacturing, mining, and utilities output.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a widely followed gauge of business activity and capacity utilization, providing key insights into the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Monitoring the monthly industrial production trend is crucial for understanding current economic conditions and informing policy decisions by the Federal Reserve and other policymakers.
Q: Are there update delays or limitations?
A: The monthly industrial production data is released in a timely manner with minimal delays, providing up-to-date information on this important economic indicator.
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Citation
U.S. Federal Reserve, Monthly (SMU12000002000000002), retrieved from FRED.