Production: Manufacturing: Consumer Goods: Total for United States
PRMNCG01USA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.05
Year-over-Year Change
-6.17%
Date Range
1/1/1960 - 1/1/2018
Summary
The 'Production: Manufacturing: Consumer Goods: Total for United States' trend measures the total output of consumer goods produced by the U.S. manufacturing sector. This metric is a key indicator of consumer demand and economic health.
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 overall volume of consumer goods manufacturing in the United States. It provides insight into production levels of items like household appliances, electronics, furniture, and other products intended for direct consumer use.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess the state of consumer spending and manufacturing activity.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Consumer goods make up over 50% of total U.S. manufacturing output.
- The consumer goods manufacturing index has recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total output of consumer goods produced by the U.S. manufacturing sector, providing insight into production levels of household items, electronics, furniture, and other consumer products.
Q: Why is this trend relevant for users or analysts?
A: The consumer goods manufacturing index is a key indicator of consumer demand and economic health, as it reflects levels of production for products directly purchased by households.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the state of consumer spending and manufacturing activity, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The consumer goods manufacturing index is released monthly with a lag of approximately one month, reflecting the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Total for United States (PRMNCG01USA661N), retrieved from FRED.