Manufacturing Sector: Total Factor Productivity
Index 2017=100
MFGPROD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.81
Year-over-Year Change
-4.07%
Date Range
1/1/1987 - 1/1/2023
Summary
The Index of Industrial Production: Manufacturing measures the monthly change in the volume of industrial production in the U.S. manufacturing sector. It is a key indicator of economic activity and a barometer for the overall health of the 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 Index of Industrial Production: Manufacturing is published monthly by the Federal Reserve and tracks the output of U.S. manufacturing facilities. It is a widely watched economic indicator that provides insights into the performance and trends within the manufacturing sector.
Methodology
The index is calculated based on monthly surveys of a sample of manufacturing establishments across the country.
Historical Context
The manufacturing production index is used by policymakers, economists, and analysts to assess the current state and trajectory of the U.S. economy.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Manufacturing accounts for around 75% of total industrial production in the U.S.
- The index is a monthly, seasonally adjusted measure of production volumes.
FAQs
Q: What does this economic trend measure?
A: The Index of Industrial Production: Manufacturing measures the monthly change in the volume of industrial production in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of economic activity and provides insights into the performance and trends within the critical U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The index is calculated based on monthly surveys of a sample of manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: The manufacturing production index is used by policymakers, economists, and analysts to assess the current state and trajectory of the U.S. economy.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release schedule and no significant update delays.
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Citation
U.S. Federal Reserve, Index of Industrial Production: Manufacturing (MFGPROD), retrieved from FRED.