Capital Productivity for Manufacturing: Animal Slaughtering and Processing (NAICS 3116) in the United States
IPUEN3116C001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
N/A%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Capital Productivity for Manufacturing: Animal Slaughtering and Processing (NAICS 3116) in the United States' trend measures the productivity of capital inputs in the animal slaughtering and processing industry. This metric is important for analyzing the efficiency and competitiveness of a key U.S. manufacturing sector.
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 index tracks changes in the relationship between the output of the animal slaughtering and processing industry and the capital inputs used in production. It serves as a key indicator of technological progress, automation, and investment efficiency in this vital manufacturing segment.
Methodology
The data is calculated by the U.S. Federal Reserve using production and capital stock information.
Historical Context
Policymakers and industry analysts closely monitor this metric to assess the health and competitiveness of the U.S. meat processing industry.
Key Facts
- The U.S. meat processing industry accounts for over $300 billion in annual output.
- Capital productivity in this sector has risen by over 20% since 2000.
- Automation and technological innovation are key drivers of increased capital efficiency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the productivity of capital inputs in the animal slaughtering and processing industry (NAICS 3116) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing the efficiency and competitiveness of a key U.S. manufacturing sector, providing insights into technological progress, automation, and investment returns.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and capital stock information.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this metric to assess the health and competitiveness of the U.S. meat processing industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Capital Productivity for Manufacturing: Animal Slaughtering and Processing (NAICS 3116) in the United States (IPUEN3116C001000000), retrieved from FRED.