Labor Share for Manufacturing: Cement and Concrete Product Manufacturing (NAICS 3273) in the United States
Percent
IPUEN3273L030000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-10.71%
Date Range
1/1/1987 - 1/1/2021
Summary
The Percent trend measures the level of manufacturing output in the United States on a monthly basis. It is a key indicator of the overall health and performance of the U.S. industrial 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 Percent trend tracks the percentage change in total industrial production, focusing specifically on the manufacturing component. It provides insights into the output and activity levels of U.S. factories, mills, and workshops, offering economists and policymakers valuable data on the strength of the manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Percent trend is closely monitored by government agencies, central banks, and market analysts to gauge the state of the U.S. economy and inform policy decisions.
Key Facts
- The Percent trend reached its highest level on record in 2021.
- Manufacturing accounts for approximately 11% of the U.S. GDP.
- The COVID-19 pandemic caused a significant decline in the Percent trend in 2020.
FAQs
Q: What does this economic trend measure?
A: The Percent trend measures the monthly percentage change in the total industrial production of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The Percent trend is a key indicator of the overall health and performance of the U.S. industrial sector, providing insights into the output and activity levels of U.S. factories, mills, and workshops.
Q: How is this data collected or calculated?
A: The data for the Percent trend is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The Percent trend is closely monitored by government agencies, central banks, and market analysts to gauge the state of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Percent trend data is published monthly by the U.S. Federal Reserve, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent (IPUEN3273L030000000), retrieved from FRED.