Intermediate Inputs for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States
IPUEN3364P010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.18
Year-over-Year Change
-8.12%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the value of intermediate inputs used in the production of aerospace products and parts manufacturing in the United States. It provides insight into the supply chain and production dynamics of a key U.S. 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 Intermediate Inputs for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States measure the total dollar value of materials, supplies, containers, fuel, purchased electricity, and contract work used in the production process. This indicator helps analysts and policymakers understand the underlying cost structure and competitiveness of the U.S. aerospace manufacturing sector.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Trends in intermediate inputs can inform assessments of productivity, inflation, and the overall health of the aerospace manufacturing industry.
Key Facts
- Aerospace products and parts manufacturing is a key U.S. manufacturing industry.
- Intermediate inputs account for a significant portion of production costs.
- Trends in this indicator can signal changes in supply chain dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of materials, supplies, and other intermediate inputs used in the production of aerospace products and parts in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in aerospace manufacturing intermediate inputs provide insight into the supply chain dynamics, cost structure, and overall health of a critical U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Movements in this indicator can inform assessments of productivity, inflation, and the competitiveness of the U.S. aerospace manufacturing sector, which is relevant for policymakers and industry analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Intermediate Inputs for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States (IPUEN3364P010000000), retrieved from FRED.