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Relative Importance Weights (Contribution to the Total Industrial Production Index): Equipment: Business Light Vehicles (RIWG33611ES)

Observation:

Oct 2023: 0.4192 (+ more)   Updated: Nov 16, 2023
Oct 2023:  0.4192  
Sep 2023:  0.4968  
Aug 2023:  0.4971  
Jul 2023:  0.5326  
Jun 2023:  0.4892  
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.G33611E.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Relative Importance Weights (Contribution to the Total Industrial Production Index): Equipment: Business Light Vehicles [RIWG33611ES], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWG33611ES, December 9, 2023.

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