Intermediate Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States
IPUEN31311P020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,748.35
Year-over-Year Change
-19.45%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the monthly changes in the costs of intermediate inputs for fiber, yarn, and thread mills within the U.S. manufacturing sector. It provides valuable insights into the production costs and pricing dynamics in this important 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 Intermediate Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States series tracks the prices paid by these mills for raw materials, components, and other intermediate inputs required for their manufacturing processes. This data point is a key indicator of inflationary pressures and supply chain conditions in the textile industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts closely monitor this trend to assess the state of the textile manufacturing sector and its role in the broader U.S. economy.
Key Facts
- The series has been published monthly since 1982.
- Fiber, yarn, and thread mills account for over $30 billion in annual shipments.
- Input costs make up a significant portion of total production expenses for these mills.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly changes in the costs of intermediate inputs, such as raw materials and components, for fiber, yarn, and thread mills within the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the production costs and pricing dynamics in the textile manufacturing industry, which is an important part of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to assess the state of the textile manufacturing sector and its role in the broader U.S. economy.
Q: Are there update delays or limitations?
A: The series is published monthly with no significant update delays, providing timely data on input costs in the fiber, yarn, and thread mills industry.
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Citation
U.S. Federal Reserve, Intermediate Inputs Costs for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 31311) in the United States (IPUEN31311P020000000), retrieved from FRED.