Gross Domestic Product: Manufacturing (31-33) in Pennsylvania
Annual, Not Seasonally Adjusted
PAMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111,077.10
Year-over-Year Change
47.35%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the annual manufacturing output in the United States. It is a key indicator of the health and productivity 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 total annual production of manufactured goods in the U.S. without adjusting for seasonal variations. It provides a comprehensive overview of the country's industrial activity and output levels.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the U.S. manufacturing industry.
Key Facts
- Manufacturing accounts for approximately 11% of the U.S. GDP.
- The U.S. is the world's second-largest manufacturer, behind China.
- The Annual, Not Seasonally Adjusted trend reached a record high of 5.4 trillion in 2018.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total annual production of manufactured goods in the United States, providing a comprehensive view of the country's industrial activity and output.
Q: Why is this trend relevant for users or analysts?
A: This trend is a critical indicator of the health and productivity of the U.S. manufacturing sector, which is a significant driver of the overall economy. It is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of the U.S. manufacturing industry and make informed decisions about economic policies, trade agreements, and industrial development strategies.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is typically published with a lag of several months, as the Census Bureau compiles and verifies the survey responses from manufacturing establishments.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PAMANNGSP), retrieved from FRED.