Sectoral Output for Manufacturing: Food Manufacturing (NAICS 311) in the United States
IPUEN311T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
835,841.01
Year-over-Year Change
36.46%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the food manufacturing sector in the United States, which is a key component of the broader manufacturing industry. It provides insights into the health and productivity of this vital industrial segment.
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 Sectoral Output for Manufacturing: Food Manufacturing (NAICS 311) in the United States series tracks the volume of goods produced by food manufacturing companies, including companies that process agricultural raw materials into food products. This data is used by economists and policymakers to assess the state of the U.S. manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
This trend is closely watched by analysts and policymakers to gauge the performance and outlook of the U.S. food manufacturing industry.
Key Facts
- Food manufacturing accounts for over 10% of total U.S. manufacturing output.
- The sector employs more than 1.5 million workers nationwide.
- Output in food manufacturing has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production volume of the food manufacturing sector in the United States, which includes companies that process agricultural raw materials into food products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of the U.S. food manufacturing industry, which is a crucial component of the broader manufacturing sector and a key driver of economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the state of the U.S. manufacturing sector and make informed decisions about economic policy, trade, and investment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be slight delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Sectoral Output for Manufacturing: Food Manufacturing (NAICS 311) in the United States (IPUEN311T300000000), retrieved from FRED.