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Relative Importance Weights (Contribution to the Total Industrial Production Index): Mining, Quarrying, and Oil and Gas Extraction: Crude Oil (NAICS = 211111pt.) (DISCONTINUED) (RIWG211111CS)

Observation:

Apr 2021: 6.1282 (+ more)   Updated: May 14, 2021
Apr 2021:  6.1282  
Mar 2021:  6.1118  
Feb 2021:  5.7367  
Jan 2021:  6.2446  
Dec 2020:  6.2912  
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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 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 = 211111pt.

Source Code: RIW.G211111C.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Relative Importance Weights (Contribution to the Total Industrial Production Index): Mining, Quarrying, and Oil and Gas Extraction: Crude Oil (NAICS = 211111pt.) (DISCONTINUED) [RIWG211111CS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RIWG211111CS, March 19, 2024.

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