Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Arkansas
Annual, Not Seasonally Adjusted
ARMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.76
Year-over-Year Change
37.62%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the annual change in the value of shipments for the U.S. manufacturing sector. This key economic indicator provides insight into the health and growth of the manufacturing industry.
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 series tracks the total value of manufactured goods shipped by U.S. companies on an annual basis. It is an important metric for analyzing the performance and trends within the broader manufacturing sector.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this series to gauge the strength of the manufacturing economy and make informed decisions.
Key Facts
- The U.S. manufacturing sector accounts for over 11% of GDP.
- In 2021, the value of manufacturing shipments reached a record high of $5.9 trillion.
- The Annual, Not Seasonally Adjusted series is published monthly by the U.S. Census Bureau.
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 on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This series provides key insights into the performance and health of the U.S. manufacturing sector, which is a critical driver of economic growth and a major source of employment.
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: Policymakers and analysts use this series to assess the strength of the manufacturing economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted series is published monthly, with a typical delay of about 6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ARMANQGSP), retrieved from FRED.