Sectoral Output for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States
IPUEN3119T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,493.27
Year-over-Year Change
51.98%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Sectoral Output for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States' trend measures the production output of the other food manufacturing sector, a key indicator of economic activity and industrial performance.
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 industrial production index tracks the monthly changes in the volume of output for establishments primarily engaged in manufacturing food products not classified elsewhere, such as snack foods, roasted nuts and peanut butter. It is a valuable gauge of the health and productivity of the broader U.S. manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using survey responses from manufacturing establishments.
Historical Context
Policymakers and market analysts closely monitor this index to assess the broader state of the U.S. economy and inform decisions around monetary policy, trade, and industrial strategy.
Key Facts
- The Other Food Manufacturing sector accounts for over $200 billion in annual output.
- Output in this sector has grown by 25% over the past decade.
- The U.S. is a leading global producer and exporter of other processed food products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly changes in the production output of the Other Food Manufacturing sector (NAICS 3119) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and productivity of the broader U.S. manufacturing industry, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using survey responses from manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to assess the state of the U.S. economy and inform decisions around monetary policy, trade, and industrial strategy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Sectoral Output for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States (IPUEN3119T300000000), retrieved from FRED.