Real Sectoral Output for Manufacturing: Chemical Manufacturing (NAICS 325) in the United States
IPUEN325T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
42.86%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the real output of the chemical manufacturing sector in the United States. It is a key indicator of the health and productivity of a vital domestic 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 Real Sectoral Output for Manufacturing: Chemical Manufacturing (NAICS 325) in the United States tracks the volume of production from this crucial industrial segment. It provides insight into the performance and competitiveness of the U.S. chemical manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
This metric informs policymakers and analysts about the state of the chemical industry and its contribution to the broader U.S. economy.
Key Facts
- Chemical manufacturing accounts for over $600 billion in annual U.S. GDP.
- The U.S. is the world's largest producer of chemicals.
- The chemical industry employs over 500,000 people in the United States.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) output of the chemical manufacturing sector in the United States, providing insight into the productivity and performance of this key industry.
Q: Why is this trend relevant for users or analysts?
A: The chemical manufacturing sector is a major driver of the U.S. economy, so this indicator is closely watched by policymakers, investors, and economists to assess the health and competitiveness of this crucial industry.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This metric informs policymakers and analysts about the state of the chemical industry and its contribution to the broader U.S. economy, which can influence decisions around trade, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately two months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Manufacturing: Chemical Manufacturing (NAICS 325) in the United States (IPUEN325T011000000), retrieved from FRED.