Economy · Business and industry
| Year | Average | Year close |
|---|---|---|
| 1919 | 4.94 | 5.14 |
| 1920 | 5.17 | 4.23 |
| 1921 | 3.98 | 4.17 |
| 1922 | 5.06 | 5.95 |
| 1923 | 6.04 | 5.79 |
| 1924 | 5.65 | 5.95 |
| 1925 | 6.23 | 6.54 |
| 1926 | 6.59 | 6.71 |
| 1927 | 6.59 | 6.38 |
| 1928 | 6.86 | 7.41 |
| 1929 | 7.61 | 6.97 |
| 1930 | 6.32 | 5.52 |
Source: FRED INDPRO (Industrial Production: Total Index). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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