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Relative Importance Weights (Contribution to the Total Industrial Production Index): Manufacturing: Durable Goods: Iron and Steel Products (NAICS = 3311,2) (RIWG3311A2S)

Observation:

Apr 2024: 1.3969 (+ more)   Updated: May 16, 2024 8:32 AM CDT
Apr 2024:  1.3969  
Mar 2024:  1.3647  
Feb 2024:  1.3877  
Jan 2024:  1.3813  
Dec 2023:  1.3953  
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: 3311,2

Source Code: RIW.G3311A2.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: Iron and Steel Products (NAICS = 3311,2) [RIWG3311A2S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWG3311A2S, June 13, 2024.

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