Sectoral Output for Manufacturing: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (NAICS 3327) in the United States
Millions of Dollars
IPUEN3327T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,801.36
Year-over-Year Change
21.33%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the value of total manufacturing production in millions of U.S. dollars. It is a key indicator of the overall health and output of the U.S. 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 Millions of Dollars series represents the total value of manufactured goods produced in the United States, a critical metric for assessing the strength and trajectory of the domestic manufacturing industry.
Methodology
The data is collected and reported monthly by the U.S. Federal Reserve through surveys of manufacturing establishments.
Historical Context
This indicator is widely tracked by economists, policymakers, and market analysts to gauge the performance of the U.S. economy.
Key Facts
- U.S. manufacturing output accounts for over 11% of GDP.
- The Millions of Dollars metric has rebounded since the 2020 pandemic recession.
- Durable goods production makes up the largest share of this indicator.
FAQs
Q: What does this economic trend measure?
A: The Millions of Dollars series tracks the total value of goods produced by the U.S. manufacturing sector on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides an important barometer of the health and performance of the U.S. manufacturing industry, which is a critical driver of the broader economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through monthly surveys of manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor manufacturing output to assess the state of the economy and inform decisions around monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The Millions of Dollars data is released by the Federal Reserve on a monthly basis, with a short lag of approximately 2-3 weeks.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUEN3327T300000000), retrieved from FRED.