Combined Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States
IPUEN31311M021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
-54.34%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the combined input costs for manufacturing in the U.S. fiber, yarn, and thread mills industry. It provides important insights into production costs and pressures facing this key 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
The Combined Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States tracks the total costs of raw materials, labor, energy, and other inputs for this specific manufacturing industry. This data is used by economists and policymakers to assess broader production and inflationary trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing firms.
Historical Context
This index helps inform decisions around monetary policy, industry regulation, and economic forecasting.
Key Facts
- The index is based on 2012 as the reference year.
- Costs have risen over 20% since the early 2010s.
- The fiber, yarn, and thread mills industry employs over 30,000 workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total input costs, including raw materials, labor, and energy, for manufacturing firms in the U.S. fiber, yarn, and thread mills industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into production costs and inflationary pressures facing a key U.S. manufacturing sector, which helps inform economic policymaking and industry analysis.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of manufacturing firms in the fiber, yarn, and thread mills industry.
Q: How is this trend used in economic policy?
A: This index helps policymakers and analysts assess broader manufacturing and inflationary trends, which can inform decisions around monetary policy, industry regulation, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Combined Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States (IPUEN31311M021000000), retrieved from FRED.