Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Maryland
Quarterly, Seasonally Adjusted
MDNDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.54
Year-over-Year Change
8.30%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted trend measures manufacturing output in the United States. It is a key indicator of economic health and a focus for policymakers.
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 series tracks the volume of goods produced by the U.S. manufacturing sector on a quarterly basis, adjusted for seasonal variations. It provides insights into the broader state of the economy and the manufacturing industry's performance.
Methodology
The data is collected through surveys of manufacturing establishments and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to gauge the strength of the manufacturing sector and inform economic policies.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The sector has experienced steady growth since the 2008-2009 recession.
- Durable goods manufacturing makes up the largest share of this index.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the volume of goods produced by the U.S. manufacturing sector on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly, Seasonally Adjusted manufacturing output index is a key indicator of economic health and a focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of the manufacturing sector and inform economic policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely insights into manufacturing activity.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MDNDURMANQQGSP), retrieved from FRED.