The Federal Reserve keeps an Industrial Production Index which measures and records the monthly real output of all industrial facilities within the United States including manufacturing, mining, electric, and gas utilities, and is seasonally adjusted.
The industrial sector, along with construction, accounts for most of the variation in national output over the business cycle. Large drops in industrial production from a drop in supply or consumer demand would indicate a change in economic growth, and potentially signal the beginning of a period of economic contraction. Likewise, a large boom in production and demand would indicate economic expansion, and boost investor confidence in those industries. Understanding economic fluctuations and health is imperative for investors and companies alike involved in the stock market.
Another important metric which often accompanies the Industrial Production Index is the Capacity Utilization Rate. This rate provides an estimate of how much factory capacity is in use.
What will be the Industrial Production Index number for May 2021?
Alternative forecasts and historical data can be found through these sources:
The resolution criteria for this question will be provided by the Federal Reserve and their monthly measurements of the Industrial Production Index. If data is not collected or recorded, then this question will resolve ambiguously.