Sectoral Output for Manufacturing: Plastics Product Manufacturing (NAICS 3261) in the United States
IPUEN3261T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.20
Year-over-Year Change
-128.21%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the output of the plastics product manufacturing sector in the United States. It is an important indicator of the health and productivity of a key U.S. manufacturing 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 Sectoral Output for Manufacturing: Plastics Product Manufacturing (NAICS 3261) in the United States measures the volume of production from this manufacturing subsector. It provides insights into the overall activity and competitiveness of the plastics products industry, which produces a wide range of consumer and industrial goods.
Methodology
The data is collected through monthly surveys of U.S. manufacturing facilities.
Historical Context
Policymakers and analysts use this trend to assess the state of the U.S. manufacturing sector and guide economic policies.
Key Facts
- Plastics product manufacturing accounts for over 12% of total U.S. manufacturing output.
- The industry employs more than 1 million workers in the United States.
- Plastics products are used in a wide range of consumer and industrial applications.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production volume of the plastics product manufacturing sector in the United States, as defined by the North American Industry Classification System (NAICS) code 3261.
Q: Why is this trend relevant for users or analysts?
A: The plastics manufacturing sector is a crucial part of the U.S. industrial base, providing materials and components used across many industries. This trend offers insights into the performance and competitiveness of this important manufacturing segment.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. manufacturing facilities conducted by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the overall health of the U.S. manufacturing sector and guide economic policies that affect industrial production and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into current manufacturing conditions. However, the trend may not fully capture the diversity of the plastics products industry.
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Citation
U.S. Federal Reserve, Sectoral Output for Manufacturing: Plastics Product Manufacturing (NAICS 3261) in the United States (IPUEN3261T301000000), retrieved from FRED.