Combined Inputs Costs for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 3311) in the United States
IPUEN3311M020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,809.07
Year-over-Year Change
38.21%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the combined input costs, including labor, energy, and materials, for iron and steel mills and ferroalloy production in the United States. It provides valuable insights into the cost dynamics of a critical 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 Combined Inputs Costs for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 3311) in the United States is an important economic indicator that tracks the overall input costs faced by producers in this vital manufacturing industry. It helps economists and policymakers understand the cost pressures and competitive landscape within the steel and ferroalloy production sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its broader Producer Price Index (PPI) program.
Historical Context
This trend is closely monitored by industry analysts, policymakers, and economists to assess the health and competitiveness of the U.S. steel and ferroalloy manufacturing sector.
Key Facts
- The iron and steel mills and ferroalloy production sector is a key driver of the U.S. manufacturing economy.
- Input costs, including labor, energy, and materials, can significantly impact the profitability and competitiveness of steel producers.
- Monitoring this trend can help policymakers and industry leaders make informed decisions about investment, trade, and economic policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the combined input costs, including labor, energy, and materials, for iron and steel mills and ferroalloy production in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the cost dynamics of a critical manufacturing sector, helping economists and policymakers understand the competitive landscape and cost pressures faced by steel and ferroalloy producers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its broader Producer Price Index (PPI) program.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by industry analysts, policymakers, and economists to assess the health and competitiveness of the U.S. steel and ferroalloy manufacturing sector, which informs decisions about investment, trade, and economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with some potential for minor delays in release.
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Citation
U.S. Federal Reserve, Combined Inputs Costs for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 3311) in the United States (IPUEN3311M020000000), retrieved from FRED.