Construction Materials Is One Of The Market Groupings Introduced In The 1959 Revisions Of The Federal Reserve Industrial Production Indexes. Indexes For Most Of The Eighteen Series Which Are Classified As Construction Materials Have Been Published Monthly Since 1919, But The Composite Index Begins In 1947. The Index Is A Weighted Average Of Relatives. Beginning In 1953, The Weights Are Based On Value Added, 1957-59, Which Is Estimated By Extrapolating From 1957 Value Added By The Ratio Of Production In 1957-59 To Production In 1957. For 1947-52, The Weights Were Based On 1947 Value Added Data; However, The Weighted Index Was Linked In January 1953 To A Weighted Index (In The 1959 Resivion) And Subsequently Converted To The Present Reference Period Of 1957-59. The Component Monthly Series Are Adjusted To Benchmark Data From The Census Of Manufactures And To Independently Derived Annual Indexes. The Indexes Represent Average Production Per Working Day With Public Annual Holidays Counted As Working Days But Allowed For In The Seasonal Adjustment. Seasonal Adjustment Is By The Source. For A Detailed Description Of The Index, See"Industrial Production, 1959 Revision"(1959);"Industrial Production, 1957-1959 Base" (1962); And"Industrial Production Measurement In The United States: Concepts, Uses, And Compilation Practices" (February 1964) - All Publications Of Board Of Governors Of The Federal Reserve System. See Lipsey And Preston, P. 284 For Additional Information. Source: 1947-1960:"Industrial Production, 1957-1959 Base", Board Of Governors Of The Federal Reserve System, 1962. 1961-1963:"Industrial Production Indexes, 1961-1963", Board Of Governors Of The Federal Reserve System, September 1964 (Lipsey And Preston, Pp. 283-4).
This NBER data series m02236 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.
NBER Indicator: m02236
Release: NBER Macrohistory Database
National Bureau of Economic Research, Index of Production of Construction Materials for United States [M02236USM350NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M02236USM350NNBR/, July 31, 2015.