Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
MABMBM01SEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.52
Year-over-Year Change
-51.20%
Date Range
1/1/1962 - 1/1/2012
Summary
The 'Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted' trend measures the year-over-year change in manufacturing activity in the U.S. It is a key indicator of the health and trajectory 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
This economic indicator tracks the annual percent change in manufacturing production compared to the same period in the previous year. It provides insight into the pace of industrial activity and allows analysts to assess the overall direction of the manufacturing economy.
Methodology
The data is collected through monthly surveys of manufacturing firms and calculated as an annual percent change.
Historical Context
Policymakers and economists closely monitor this metric to gauge the strength of the manufacturing industry and its impact on the broader economy.
Key Facts
- The U.S. manufacturing sector accounts for over 11% of GDP.
- Manufacturing employs over 12 million workers in the U.S.
- This indicator has averaged 2.8% annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in U.S. manufacturing production. It provides a gauge of the pace of activity in the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing growth rate is a critical indicator of economic health and momentum. It helps analysts and policymakers assess the strength and trajectory of the industrial economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects monthly survey data from manufacturing firms and calculates the annual percent change.
Q: How is this trend used in economic policy?
A: Policymakers monitor this metric to gauge the impact of economic conditions and policy decisions on the manufacturing sector, which is a key driver of overall economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insight into current manufacturing conditions. However, the not seasonally adjusted nature of the data may require additional analysis to account for seasonal patterns.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (MABMBM01SEA659S), retrieved from FRED.