Sectoral Output for Manufacturing: Spring and Wire Product Manufacturing (NAICS 3326) in the United States
IPUEN3326T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,345.31
Year-over-Year Change
39.73%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the Spring and Wire Product Manufacturing sector (NAICS 3326) in the United States. It provides important insights into the health and productivity of this key 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: Spring and Wire Product Manufacturing (NAICS 3326) in the United States series tracks the production levels of companies that manufacture a variety of metal springs and wire products. This metric is a valuable indicator of the overall performance and competitiveness of this specialized manufacturing segment.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as an index relative to a base year.
Historical Context
This trend is closely monitored by economists, industry analysts, and policymakers to assess the broader state of U.S. manufacturing.
Key Facts
- Measures output in the Spring and Wire Product Manufacturing sector.
- This industry produces a variety of metal springs, wire products, and related items.
- The index is calculated relative to a base year to track production changes over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production levels of companies in the Spring and Wire Product Manufacturing sector (NAICS 3326) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of a key manufacturing industry, which is important for understanding broader economic conditions and industry competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, industry analysts, and policymakers to assess the state of U.S. manufacturing and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with some lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Sectoral Output for Manufacturing: Spring and Wire Product Manufacturing (NAICS 3326) in the United States (IPUEN3326T300000000), retrieved from FRED.