Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Wisconsin
Annual, Not Seasonally Adjusted
WIMINNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
793.30
Year-over-Year Change
61.24%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the annual value of manufacturing and trade industries' inventories. It provides insight into production, sales, and economic conditions.
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 annual, non-seasonally adjusted series represents the total dollar value of goods held in inventory by manufacturing and trade industries in the United States. It is a key indicator of economic activity and production capacity.
Methodology
The data is collected through monthly surveys of businesses across the manufacturing and trade sectors.
Historical Context
Policymakers and analysts use this inventory data to assess broader economic trends and the health of the industrial sector.
Key Facts
- Manufacturing and trade inventories totaled over $2 trillion in 2022.
- Inventory levels can signal changes in consumer demand and production.
- Inventory data is used to calculate key economic metrics like the inventory-to-sales ratio.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total dollar value of goods held in inventory by manufacturing and trade industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: Inventory data provides insights into production, sales, and broader economic conditions, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses across the manufacturing and trade sectors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this inventory data to assess the health of the industrial sector and broader economic trends.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of several months, and may not capture short-term inventory fluctuations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIMINNGSP), retrieved from FRED.