Real Sectoral Output for Manufacturing: Machine Tool Manufacturing (NAICS 333517) in the United States
IPUEN333517T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-60.40%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures real sectoral output for machine tool manufacturing in the United States. It provides insights into the production and efficiency of a 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 Real Sectoral Output for Manufacturing: Machine Tool Manufacturing (NAICS 333517) in the United States is an index that tracks the real production volume of machine tools, a critical component of U.S. manufacturing. It serves as an important indicator of industrial activity and productivity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on production volume surveys.
Historical Context
This metric is used by economists, policymakers, and analysts to assess the health and competitiveness of the U.S. manufacturing sector.
Key Facts
- Machine tools are essential for producing a wide range of manufactured goods.
- The U.S. is a major global producer and exporter of machine tools.
- Trends in machine tool manufacturing output reflect the broader state of U.S. manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of machine tool manufacturing (NAICS 333517) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and competitiveness of the U.S. manufacturing sector, as machine tools are a critical component of industrial production.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on production volume surveys of machine tool manufacturers.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to assess the state of U.S. manufacturing and inform economic and industrial policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all aspects of the machine tool manufacturing industry.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Manufacturing: Machine Tool Manufacturing (NAICS 333517) in the United States (IPUEN333517T011000000), retrieved from FRED.