Intermediate Inputs Costs for Manufacturing: Office Furniture (Including Fixtures) Manufacturing (NAICS 3372) in the United States
IPUEN3372P021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.40
Year-over-Year Change
-844.44%
Date Range
1/1/1988 - 1/1/2022
Summary
The Intermediate Inputs Costs for Manufacturing: Office Furniture (Including Fixtures) Manufacturing (NAICS 3372) in the United States tracks the prices paid by office furniture manufacturers for raw materials, components, and services used in production. This key metric provides insight into cost pressures and inflationary trends within a critical domestic 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
This Producer Price Index (PPI) series measures the average change over time in the selling prices received by domestic producers for their output. It is used by economists and policymakers to monitor producer-level inflation and assess the overall health of the manufacturing industry.
Methodology
The data is collected through a survey of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this index are closely watched by the Federal Reserve and other institutions to help inform monetary policy decisions and market analyses.
Key Facts
- The base year for this index is 2012=100.
- Office furniture manufacturing is part of the broader North American Industry Classification System (NAICS) code 3372.
- The index tracks over 10,000 price quotations monthly from a sample of U.S. manufacturing establishments.
FAQs
Q: What does this economic trend measure?
A: This index measures the average change over time in the selling prices received by domestic producers for their output of office furniture, including fixtures manufacturing.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide valuable insights into cost pressures and inflation within the critical office furniture manufacturing sector, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through a survey of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the Federal Reserve and other institutions to help inform monetary policy decisions and market analyses.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Intermediate Inputs Costs for Manufacturing: Office Furniture (Including Fixtures) Manufacturing (NAICS 3372) in the United States (IPUEN3372P021000000), retrieved from FRED.