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Relative Importance Weights (Contribution to the Total Industrial Production Index): Manufacturing: Durable Goods: Forging and Stamping (NAICS = 3321) (RIWN3321S)

Observation:

Oct 2023: 0.3552 (+ more)   Updated: Nov 16, 2023
Oct 2023:  0.3552  
Sep 2023:  0.3640  
Aug 2023:  0.3624  
Jul 2023:  0.3475  
Jun 2023:  0.3591  
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: 3321

Source Code: RIW.N3321.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: Forging and Stamping (NAICS = 3321) [RIWN3321S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWN3321S, November 30, 2023.

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