Gross Domestic Product: Manufacturing (31-33) in North Dakota
Annual, Not Seasonally Adjusted
NDMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,802.30
Year-over-Year Change
78.99%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the total manufacturing output in the United States. It provides a high-level overview of the health and production capacity 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
This economic indicator tracks the total value of goods produced by U.S. manufacturing establishments, including factories, plants, and mills. It is a key metric used by economists and policymakers to assess the overall strength and trajectory of the country's industrial base.
Methodology
The data is collected through monthly surveys of manufacturing businesses by the U.S. Census Bureau.
Historical Context
Trends in manufacturing output are closely watched by the Federal Reserve and other government agencies as they inform decisions on monetary and fiscal policies.
Key Facts
- Manufacturing accounts for about 11% of the U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- Manufacturing productivity has increased by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total value of goods produced by U.S. manufacturing establishments, providing an overview of the health and production capacity of the country's industrial base.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing output are closely watched by economists, policymakers, and market analysts as they provide critical insights into the strength and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other government agencies closely monitor manufacturing output trends to inform decisions on monetary and fiscal policies that can support and stimulate the U.S. industrial sector.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a lag of several months, reflecting the time needed to collect and process the survey responses from manufacturing establishments.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NDMANNGSP), retrieved from FRED.