Production: Mining: Total for Austria
Annual, Seasonally Adjusted
PRMITO01ATA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.83
Year-over-Year Change
-3.49%
Date Range
1/1/1990 - 1/1/2022
Summary
This trend measures the annual, seasonally adjusted total value of total output in the manufacturing sector. It is a key indicator of economic growth and industrial activity.
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 Annual, Seasonally Adjusted manufacturing output measure tracks the total volume of goods produced by the U.S. manufacturing industry on a yearly basis, with seasonal factors removed. It is a broad indicator of the health and productivity of the overall manufacturing sector.
Methodology
The data is collected through surveys of manufacturing establishments and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to gauge the performance and outlook of the U.S. industrial economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- Output increased by 3.3% in 2021 after declining in 2020.
- The all-time high for this metric was set in 2019.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total annual output volume of the U.S. manufacturing sector, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing output is a critical indicator of the health and productivity of the industrial economy, which is closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and outlook of the U.S. industrial sector, which informs decisions on monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: This data is released monthly by the Federal Reserve with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (PRMITO01ATA661S), retrieved from FRED.