Federal Reserve Board. Industrial Production: Industrial Production | Ind Code: G3344 | Industry: Semiconductor and other electronic component NAICS=3344, 01/1986 - 02/2015. Data-Planet™ Statistical Datasets by Conquest Systems, Inc. Dataset-ID: 014-005-001
Dataset: The industrial production index (IP) measures real output of the manufacturing, mining, and electric and gas utilities industries located in the United States (but not in US territories) and is expressed as a percentage of real output in a base year, currently 2007.
The industrial production index (IP) measures real output of the manufacturing, mining, and electric and gas utilities industries located in the United States (but not in US territories) and is expressed as a percentage of real output in a base year, currently 2007. Manufacturing consists of those industries included in the North American Industry Classification System (NAICS) definition of manufacturing plus those industries (newspaper, periodical, book, and directory publishing and logging) that have traditionally been considered to be manufacturing. Major industry groups include three-digit NAICS industries and aggregates of these industries; eg, durable and nondurable manufacturing, mining, and utilities. For the period since 1997, the total IP index has been constructed from 312 individual series based on the 2007 NAICS codes. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units and (2) data on inputs to the production process, from which output is inferred. Data on physical products, eg, tons of steel or barrels of oil, are obtained from private trade associations and from government agencies; data of this type are used to estimate monthly IP wherever possible and appropriate. Production indexes for a few industries are derived by dividing estimated nominal output (calculated using unit production or sales and unit values) by a corresponding Fisher price index; the most notable of these fall within the high-technology grouping and include computers, communications equipment, and semiconductors. When suitable data on physical product are not available, estimates of output are based on either production-worker hours or electric power use by industry. Data on hours worked by production workers are collected in the monthly establishment survey conducted by Bureau of Labor Statistics. The factors used to convert inputs int...