Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted
MABMBM01RUM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.35
Year-over-Year Change
25.50%
Date Range
7/1/1996 - 12/1/2013
Summary
This economic trend measures the year-over-year growth rate of total manufacturing output in the United States on a monthly basis, adjusted for seasonal variations. It provides key insights into the overall health and trajectory of the U.S. 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 growth rate same period previous year metric tracks the percent change in total manufacturing production compared to the same month in the prior year. This allows economists and policymakers to analyze manufacturing performance in the context of longer-term trends rather than just month-to-month changes.
Methodology
The data is collected through surveys of manufacturing facilities and compiled by the U.S. Federal Reserve.
Historical Context
This metric is closely watched by analysts and policymakers as a barometer of U.S. economic conditions and the strength of the manufacturing industry.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer behind China.
- Manufacturing productivity has increased by over 60% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in total manufacturing output in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of the U.S. manufacturing sector, which is a key driver of economic growth and a critical component of the overall economy.
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 analysts closely monitor this metric as an indicator of overall economic conditions and to help inform decisions related to monetary policy, trade policy, and support for the manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted (MABMBM01RUM659S), retrieved from FRED.