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Relative Importance Weights: Manufacturing: Nondurable Goods: Creamery Butter (NAICS = 311512) (RIWN311512S)

Observation:

May 2024: 0.0390 (+ more)   Updated: Jul 17, 2024 8:27 AM CDT
May 2024:  0.0390  
Apr 2024:  0.0402  
Mar 2024:  0.0390  
Feb 2024:  0.0358  
Jan 2024:  0.0356  
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: 311512

Source Code: RIW.N311512.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Relative Importance Weights: Manufacturing: Nondurable Goods: Creamery Butter (NAICS = 311512) [RIWN311512S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWN311512S, .

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