Combined Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States
Millions of Dollars
IPUEN31311M020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,490.22
Year-over-Year Change
-17.65%
Date Range
1/1/1987 - 1/1/2022
Summary
The 'Millions of Dollars' economic trend measures the total value of manufactured durable goods shipped by U.S. businesses, a key indicator of industrial production and economic activity.
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 monthly series tracks the shipment value of durable goods, which are products designed to last more than three years, such as machinery, equipment, and other industrial products. It provides insights into the health and performance of the manufacturing sector.
Methodology
The data is collected through surveys of U.S. manufacturing establishments.
Historical Context
Economists and policymakers closely monitor this metric to assess the broader state of the economy and inform decisions.
Key Facts
- Durable goods account for approximately 40% of total U.S. manufacturing output.
- The series has exhibited cyclical patterns, reflecting broader economic conditions.
- Tracking durable goods shipments is crucial for understanding capital investment and business confidence.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars' trend measures the total value of manufactured durable goods shipped by U.S. businesses, providing insights into the health of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a key indicator of industrial production, capital investment, and the broader state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. manufacturing establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the performance of the manufacturing sector and inform decisions related to economic policy, investments, and business strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUEN31311M020000000), retrieved from FRED.