Real Gross Domestic Product: Information (51) in Massachusetts
Annual, Not Seasonally Adjusted
MAINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,727.90
Year-over-Year Change
127.21%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total value of manufacturing shipments in the United States. It provides insights into the overall health and activity of the U.S. manufacturing sector.
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
This economic indicator tracks the dollar value of manufactured goods shipped by U.S. companies. It is a key measure of production and demand within the manufacturing industry, which is a vital component of the broader economy.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the state of the manufacturing sector and its contribution to economic growth.
Key Facts
- Manufacturing shipments reached a record high of $5.7 trillion in 2021.
- The sector accounts for approximately 11% of U.S. GDP.
- The COVID-19 pandemic caused a significant drop in manufacturing shipments in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total value of manufactured goods shipped by U.S. companies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and activity of the U.S. manufacturing sector, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the manufacturing sector and its contribution to economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a delay of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MAINFORGSP), retrieved from FRED.