Relative Importance Weight (Contribution to the total industrial production index): Machinery: Farm machinery and equipment (RIWG333111S)  Excel (data)  CSV (data)  Image (graph)  PowerPoint (graph)  PDF (graph)

Observation:

Jun 2018: 0.3437
Updated: Jul 17, 2018

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Percent,

Frequency:

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(a) Relative Importance Weight (Contribution to the total industrial production index): Machinery: Farm machinery and equipment, Percent, Seasonally Adjusted (RIWG333111S)
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 = 333111

Source Code: RIW.G333111.S

Relative Importance Weight (Contribution to the total industrial production index): Machinery: Farm machinery and equipment

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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 = 333111

Source Code: RIW.G333111.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Relative Importance Weight (Contribution to the total industrial production index): Machinery: Farm machinery and equipment [RIWG333111S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWG333111S, August 14, 2018.

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