Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in North Dakota
Quarterly, Seasonally Adjusted
NDMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.64
Year-over-Year Change
6.75%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the inflation-adjusted value of total manufacturing production in the United States on a quarterly basis. This metric is a key indicator of the health and performance 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 Quarterly, Seasonally Adjusted series is an important economic indicator that tracks the real output of the U.S. manufacturing industry. It provides insights into the overall production levels and efficiency of the nation's factories, which are crucial drivers of economic growth and productivity.
Methodology
This data is collected and calculated by the U.S. Federal Reserve using production reports from manufacturing establishments.
Historical Context
Policymakers and analysts closely monitor this metric to assess the manufacturing industry's contribution to the broader U.S. economy.
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 the 1990s.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total real output of the U.S. manufacturing sector on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the health and performance of the U.S. manufacturing industry, which is a major driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using production reports from manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the manufacturing industry's contribution to the broader U.S. economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of approximately two months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NDMANQQGSP), retrieved from FRED.