Labor Compensation for Retail Trade: Family Clothing Stores (NAICS 44814) in the United States
Millions of Dollars
IPUHN44814L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,719.31
Year-over-Year Change
19.46%
Date Range
1/1/1987 - 1/1/2021
Summary
This economic indicator measures the value of U.S. industrial production of household appliances, including major appliances like refrigerators and washing machines. It provides important insights into consumer demand and manufacturing activity.
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 market value, in millions of U.S. dollars, of household appliances produced in the United States. This metric is a key indicator of economic health and consumer spending patterns within the durable goods manufacturing sector.
Methodology
The data is collected through surveys of manufacturing facilities and compiled by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this index to assess the state of the U.S. economy and consumer markets.
Key Facts
- U.S. household appliance production was valued at over $44 billion in 2021.
- Appliance production declined during the 2008-2009 recession but has since recovered.
- Major appliances make up the largest segment of the U.S. household appliance market.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total market value of household appliances produced in the United States, including major appliances like refrigerators, washing machines, and dishwashers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand, manufacturing activity, and the overall health of the U.S. durable goods sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the state of the U.S. economy and consumer markets, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as additional information becomes available.
Related Trends
Sectoral Output for Retail Trade: Used Merchandise Stores (NAICS 453310) in the United States
IPUHN453310T300000000
Employment for Retail Trade: Sporting Goods, Hobby, Book, and Music Stores (NAICS 451) in the United States
IPUHN451W010000000
Sectoral Output for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120T300000000
Labor Compensation for Retail Trade: Electronics Stores (NAICS 443142) in the United States
IPUHN443142L020000000
Sectoral Output for Retail Trade: Clothing and Clothing Accessories Stores (NAICS 448) in the United States
IPUHN448T300000000
Sectoral Output for Retail Trade: Lawn and Garden Equipment and Supplies Stores (NAICS 4442) in the United States
IPUHN4442T301000000
Citation
U.S. Federal Reserve, Millions of Dollars (IPUHN44814L020000000), retrieved from FRED.