Relative Importance Weight (Contribution to the total industrial production index): Oil and gas extraction (RIWG211S)  Excel (data)  CSV (data)  Image (graph)  PowerPoint (graph)  PDF (graph)

Observation:

Aug 2018: 12.1810
Updated: Sep 14, 2018

Units:

Percent,

Frequency:

Monthly
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EDIT LINE 1
(a) Relative Importance Weight (Contribution to the total industrial production index): Oil and gas extraction, Percent, Seasonally Adjusted (RIWG211S)
The 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%).

NAICS = 211

Source Code: RIW.G211.S

Relative Importance Weight (Contribution to the total industrial production index): Oil and gas extraction

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NOTES

Frequency:  Monthly

Notes:

The 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%).

NAICS = 211

Source Code: RIW.G211.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Relative Importance Weight (Contribution to the total industrial production index): Oil and gas extraction [RIWG211S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWG211S, September 22, 2018.

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