Capital Share for Manufacturing: Forging and Stamping (NAICS 3321) in the United States
IPUEN3321C030000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-25.25%
Date Range
1/1/1987 - 1/1/2022
Summary
The Capital Share for Manufacturing: Forging and Stamping (NAICS 3321) trend measures the proportion of output in the U.S. forging and stamping industry that goes towards capital inputs like machinery and equipment rather than labor costs.
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 capital share metric provides insight into the production methods and capital intensity of the forging and stamping manufacturing sector. Economists and policymakers use it to analyze productivity, profitability, and technological change in this critical industrial segment.
Methodology
The data is calculated by the U.S. Federal Reserve based on input-output accounts and industry surveys.
Historical Context
Tracking the capital share in forging and stamping can inform assessments of industry competitiveness, automation, and policy decisions.
Key Facts
- Capital share in U.S. forging/stamping peaked at 57% in 2015.
- The capital share has declined from 54% in 2019 to 50% in 2021.
- Forging and stamping is a capital-intensive segment of the manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: The Capital Share for Manufacturing: Forging and Stamping (NAICS 3321) trend measures the proportion of output in the U.S. forging and stamping industry that goes towards capital inputs like machinery and equipment, rather than labor costs.
Q: Why is this trend relevant for users or analysts?
A: This capital share metric provides insight into the production methods and capital intensity of the forging and stamping manufacturing sector, which is crucial for analyzing productivity, profitability, and technological change in this industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on input-output accounts and industry surveys.
Q: How is this trend used in economic policy?
A: Tracking the capital share in forging and stamping can inform assessments of industry competitiveness, automation, and policy decisions affecting this critical manufacturing segment.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and revisions of the U.S. Federal Reserve's industrial production accounts.
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Citation
U.S. Federal Reserve, Capital Share for Manufacturing: Forging and Stamping (NAICS 3321) in the United States (IPUEN3321C030000000), retrieved from FRED.