Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Czechia
Quarterly, Seasonally Adjusted
PREND401CZQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.45
Year-over-Year Change
-14.99%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic indicator tracks quarterly, seasonally adjusted productivity in the U.S. manufacturing sector. It's a key metric used by economists and policymakers to assess the health and efficiency of the broader economy.
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 manufacturing productivity series measures the output per hour of all persons in the manufacturing sector. It provides insights into the productivity and efficiency of the manufacturing industry, which is a critical driver of overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics using establishment surveys.
Historical Context
Manufacturing productivity trends are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Productivity growth has averaged 1.7% annually since 2010.
- The COVID-19 pandemic caused a 6.1% drop in manufacturing productivity in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted manufacturing productivity series tracks output per hour in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a key indicator of economic efficiency and competitiveness, providing insights for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys and calculated as output per hour of all persons in manufacturing.
Q: How is this trend used in economic policy?
A: Manufacturing productivity trends are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (PREND401CZQ661S), retrieved from FRED.