Labor Compensation for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
Millions of Dollars
IPUUN811420L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,062.36
Year-over-Year Change
16.47%
Date Range
1/1/1987 - 1/1/2024
Summary
This series measures the value of industrial production of manufacturing output in millions of U.S. dollars. It is a key indicator of economic activity and helps analysts understand manufacturing trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Millions of Dollars industrial production series tracks the total monetary value of manufactured goods produced in the United States. It is a broad measure of the scale and performance of the U.S. manufacturing sector.
Methodology
The data is collected through surveys of manufacturing facilities and calculated by the U.S. Federal Reserve.
Historical Context
Economists and policymakers use this metric to gauge the health of the U.S. economy and assess the impact of economic policies.
Key Facts
- The series has been tracked since 1972.
- Manufacturing accounts for around 11% of U.S. GDP.
- The data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of manufactured goods produced in the United States. It provides a broad indicator of the scale and performance of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The Millions of Dollars industrial production series is a key economic indicator used by analysts, policymakers, and businesses to gauge the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the impact of economic policies on the manufacturing sector and the broader U.S. economy.
Q: Are there update delays or limitations?
A: The Millions of Dollars industrial production data is released monthly by the Federal Reserve with minimal delay.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUUN811420L020000000), retrieved from FRED.