Sectoral Output for Manufacturing: Industrial Process Variable Instruments (NAICS 334513) in the United States
Millions of Dollars
IPUEN334513T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,512.91
Year-over-Year Change
58.43%
Date Range
1/1/1987 - 1/1/2021
Summary
This economic indicator measures the total value of industrial production in millions of U.S. dollars. It is a key metric for assessing the health and output of the 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 tracks the total dollar value of industrial production across a range of industries, including manufacturing, mining, and utilities. This metric provides important insights into the overall strength of the U.S. economy and is widely used by economists and policymakers.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial producers.
Historical Context
The Millions of Dollars industrial production index is a leading indicator monitored by the Federal Reserve and other economic institutions for policy and market analysis.
Key Facts
- The index reached an all-time high of $1.63 trillion in December 2021.
- Manufacturing accounts for approximately 75% of total industrial production.
- The series has shown steady growth, with a 10-year average annual increase of 2.8%.
FAQs
Q: What does this economic trend measure?
A: The Millions of Dollars series measures the total value of industrial production in the United States across manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall strength and output of the U.S. economy, making it a key indicator monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial producers.
Q: How is this trend used in economic policy?
A: The Millions of Dollars industrial production index is a leading indicator monitored by the Federal Reserve and other economic institutions for policy and market analysis.
Q: Are there update delays or limitations?
A: The industrial production data is published monthly by the Federal Reserve with a typical release delay of around two weeks.
Related Trends
Real Sectoral Output for Manufacturing: Petroleum Refineries (NAICS 32411) in the United States
IPUEN32411T011000000
Intermediate Inputs Intensity for Manufacturing: Hardware Manufacturing (NAICS 332510) in the United States
IPUEN332510P061000000
Labor Compensation for Manufacturing: Pump and Compressor Manufacturing (NAICS 33391) in the United States
IPUEN33391L020000000
Output per Worker for Manufacturing: Motor Vehicle Manufacturing (NAICS 3361) in the United States
IPUEN3361W001000000
Total Factor Productivity for Manufacturing: Soap, Cleaning Compound, and Toilet Preparation Manufacturing (NAICS 3256) in the United States
IPUEN3256M001000000
Employment for Manufacturing: Semiconductor and Other Electronic Component Manufacturing (NAICS 3344) in the United States
IPUEN3344W010000000
Citation
U.S. Federal Reserve, Millions of Dollars (IPUEN334513T300000000), retrieved from FRED.