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Relative Importance Weights (Contribution to the Total Industrial Production Index): Manufacturing: Durable Goods: Wood Product (NAICS = 321) (RIWG321S)

Observation:

Apr 2024: 1.6775 (+ more)   Updated: May 16, 2024 8:32 AM CDT
Apr 2024:  1.6775  
Mar 2024:  1.6967  
Feb 2024:  1.6758  
Jan 2024:  1.6612  
Dec 2023:  1.6473  
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

NAICS: 321

Source Code: RIW.G321.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Relative Importance Weights (Contribution to the Total Industrial Production Index): Manufacturing: Durable Goods: Wood Product (NAICS = 321) [RIWG321S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWG321S, May 23, 2024.

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