All Employees: Professional and Business Services in Indiana
Annual, Not Seasonally Adjusted
SMU18000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
356.50
Year-over-Year Change
18.56%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted manufacturing production index for the United States. It provides insights into the state of the manufacturing sector, a key driver of economic growth.
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 annual, not seasonally adjusted manufacturing production index tracks changes in the volume of goods produced by U.S. manufacturers. It is a widely-watched indicator of industrial activity and economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the health and trajectory of the U.S. manufacturing industry.
Key Facts
- The manufacturing sector accounts for over 11% of U.S. GDP.
- Manufacturing production increased by 3.4% in 2021 compared to 2020.
- The index reached a record high of 129.2 in December 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted manufacturing production index for the United States. It tracks changes in the volume of goods produced by U.S. manufacturers.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of industrial activity and economic performance. It provides insights into the health and trajectory of the U.S. manufacturing sector, which is a crucial driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the state of the U.S. manufacturing industry and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The manufacturing production index data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU18000006000000001A), retrieved from FRED.