Index 2010=1, Monthly, Seasonally Adjusted
MANMNM01TRM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
27.63%
Date Range
1/1/1960 - 12/1/2013
Summary
The Manufacturing Non-Manufacturing Spread measures the difference between the manufacturing and non-manufacturing purchasing managers' indices, providing insight into the relative performance of the U.S. manufacturing and service sectors.
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 series tracks the difference between the Institute for Supply Management's Manufacturing and Non-Manufacturing Purchasing Managers' Indices, which are leading indicators of economic activity in the U.S. manufacturing and service sectors, respectively.
Methodology
The data is calculated by the Federal Reserve from the two ISM survey indices.
Historical Context
The spread is closely watched by economists and policymakers as an indicator of broader economic conditions.
Key Facts
- The series has been published by the Federal Reserve since 1997.
- A positive spread indicates manufacturing is outperforming services.
- The spread reached a record high of 9.3 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Manufacturing Non-Manufacturing Spread measures the difference between the manufacturing and non-manufacturing purchasing managers' indices, providing insight into the relative performance of the U.S. manufacturing and service sectors.
Q: Why is this trend relevant for users or analysts?
A: The spread is closely watched by economists and policymakers as an indicator of broader economic conditions, with a positive spread signaling that manufacturing is outperforming services.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve from the two ISM survey indices.
Q: How is this trend used in economic policy?
A: The Manufacturing Non-Manufacturing Spread is used by economists and policymakers to assess the relative strength of the manufacturing and service sectors, which can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The series is published monthly by the Federal Reserve, with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Index 2010=1, Monthly, Seasonally Adjusted (MANMNM01TRM661S), retrieved from FRED.