← Fraywire Economics

Industrial Production: Mining, Quarrying, and Oil and Gas Extraction: Crude Oil (NAICS = 211111pt.) (DISCONTINUED) IPG211111CS

Index 2012=100 • Monthly • Seasonally Adjusted
Source: FRED | Last updated: 2021-05-14 08:19:23-05 | Range: 1972-01-01 → 2021-04-01

Loading…

Trend

Momentum

Trend Heat Strip & Seasonality

YoY Heat Strip

≤ −5% Decline > +5% Growth

Seasonality (Average by Month)

What am I looking at?

What it shows: the average level of the series for each calendar month (Jan…Dec) across the full history.

Computation: for each month m, take the mean of all observations whose calendar month = m (all years equally weighted).
Interpretation:
- Not seasonally adjusted (NSA): clear recurring peaks/troughs by month.
- Seasonally adjusted (SA): should be fairly flat (seasonality already removed).
Caveats: uses raw levels, so long-run trend can dominate; best for monthly series. For a relative view, consider a seasonal index (month_mean ÷ overall_mean − 1) or limit to the last N years.

Distribution & Extremes

Histogram of Monthly Changes

Context

Recent Prints

Date	Value	MoM	YoY

Release

G.17 Industrial Production and Capacity Utilization

See full release page

Typical schedule and next expected date may vary; check the release page for official timing.

What this measures & how to read it

The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories.

NAICS = 211111pt.

Source Code: IP.G211111C.S

Tip: focus on multi-month trends to reduce noise from seasonality, one-off shocks, and revisions.