Real Sectoral Output for Manufacturing: Bread and Bakery Product Manufacturing (NAICS 31181) in the United States
IPUEN31181T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.80
Year-over-Year Change
-307.14%
Date Range
1/1/1988 - 1/1/2021
Summary
This economic trend measures the real output of the bread and bakery product manufacturing sector in the United States. It provides insights into the productivity and growth of a key component 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 Real Sectoral Output for Manufacturing: Bread and Bakery Product Manufacturing (NAICS 31181) in the United States is an index that tracks the inflation-adjusted output of this subsector over time. It is a valuable indicator for analyzing the performance and competitiveness of the baking industry.
Methodology
The data is calculated by the U.S. Federal Reserve based on production volumes and price indices.
Historical Context
This trend is used by economists, policymakers, and industry analysts to understand the state of the manufacturing sector and the broader economy.
Key Facts
- The bread and bakery product manufacturing sector accounts for over $100 billion in annual revenue.
- This industry employs more than 350,000 workers in the United States.
- Output in this sector has grown by approximately 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the bread and bakery product manufacturing sector in the United States, providing insights into the productivity and growth of this key part of the manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator for understanding the performance and competitiveness of the baking industry, which is a significant component of the broader manufacturing sector and the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on production volumes and price indices.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the state of the manufacturing sector and the broader economy, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months, providing timely insights into the sector's performance.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Manufacturing: Bread and Bakery Product Manufacturing (NAICS 31181) in the United States (IPUEN31181T011000000), retrieved from FRED.