Sectoral Output for Manufacturing: Plastics Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing (NAICS 32612) in the United States
Millions of Dollars
IPUEN32612T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,259.33
Year-over-Year Change
163.81%
Date Range
1/1/1987 - 1/1/2021
Summary
The 'Millions of Dollars' trend measures the total value of industry production for the U.S. economy. This metric is a key indicator of overall economic activity and industrial output.
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 series tracks the total dollar value of goods and services produced by U.S. industries. It provides a comprehensive view of the nation's industrial and manufacturing sectors, reflecting changes in production volumes and prices.
Methodology
The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to gauge the health and trajectory of the broader U.S. economy.
Key Facts
- The series has been published monthly since the 1930s.
- Measures production from mining, utilities, and manufacturing sectors.
- Considered a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars' trend tracks the total dollar value of goods and services produced by U.S. industries, providing a comprehensive view of the nation's industrial and manufacturing sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic activity and industrial output, which makes it important for policymakers, economists, and market analysts to gauge the health and trajectory of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance of the U.S. industrial and manufacturing sectors, which informs decision-making on economic policy, monetary policy, and other government interventions.
Q: Are there update delays or limitations?
A: The 'Millions of Dollars' series is published monthly by the Federal Reserve, with a typical delay of a few weeks between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUEN32612T300000000), retrieved from FRED.