Intermediate Inputs Costs for Manufacturing: Apparel Accessories and Other Apparel Manufacturing (NAICS 3159) in the United States
IPUEN3159P021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.70
Year-over-Year Change
5.00%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the intermediate input costs for the apparel accessories and other apparel manufacturing industry in the United States. It is an important indicator for economists and policymakers to understand inflationary pressures and cost drivers in the apparel 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 Intermediate Inputs Costs for Manufacturing: Apparel Accessories and Other Apparel Manufacturing (NAICS 3159) in the United States tracks the price changes of materials, components, and services purchased by this industry as inputs to their production processes. It provides insight into the cost environment facing apparel manufacturers.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This index is used by economists, analysts, and policymakers to assess cost and inflation dynamics in the apparel industry.
Key Facts
- This index has a base year of 2012.
- The apparel accessories and other apparel manufacturing industry accounts for over $25 billion in annual production.
- Input costs make up a significant portion of total costs for apparel manufacturers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in intermediate input costs, such as materials and components, for the apparel accessories and other apparel manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the cost environment and inflationary pressures facing the apparel manufacturing sector, which is relevant for economists, industry analysts, and policymakers.
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: This index is used by economists, analysts, and policymakers to assess cost and inflation dynamics in the apparel industry, which can inform decisions related to monetary policy, trade, and industry regulation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Intermediate Inputs Costs for Manufacturing: Apparel Accessories and Other Apparel Manufacturing (NAICS 3159) in the United States (IPUEN3159P021000000), retrieved from FRED.