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Relative Importance Weights (Contribution to the Total Industrial Production Index): Durable Goods Materials: Basic Metals (RIWB53131S)

Observation:

Jan 2024: 2.9097 (+ more)   Updated: Feb 15, 2024
Jan 2024:  2.9097  
Dec 2023:  2.9355  
Nov 2023:  2.8876  
Oct 2023:  2.8586  
Sep 2023:  2.9287  
View All

Units:

Percent,
Seasonally Adjusted

Frequency:

Monthly

NOTES

Source: Board of Governors of the Federal Reserve System (US)  

Release: G.17 Industrial Production and Capacity Utilization  

Units:  Percent, Seasonally Adjusted

Frequency:  Monthly

Notes:

The Industrial Production (IP) proportions (typically shown in the first column of the relevant tables in the G.17 release) are estimates of the industries' relative contributions to overall growth in the following year. For example, the relative importance weight of the motor vehicles and parts industry is about 6 percent. If output in this industry increased 10 percent in a month, then this gain would boost growth in total IP by 6/10 percentage point (0.06 x 10% = 0.6%).

For more information, see the explanatory notes issued by the Board of Governors. For recent updates, see the announcements issued by the Board of Governors

Source Code: RIW.B53131.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Relative Importance Weights (Contribution to the Total Industrial Production Index): Durable Goods Materials: Basic Metals [RIWB53131S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWB53131S, February 23, 2024.

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