Production: Mining: Total for Denmark
Annual, Seasonally Adjusted
PRMITO01DKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.71
Year-over-Year Change
-71.22%
Date Range
1/1/1980 - 1/1/2022
Summary
The 'Annual, Seasonally Adjusted' trend measures total private manufacturing output in the United States. It is a key economic indicator used to assess 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 series tracks the total volume of goods and services produced by private manufacturing companies in the U.S. on an annual basis, with seasonal fluctuations removed. It provides insight into the overall strength and direction of the manufacturing industry.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of manufacturing businesses.
Historical Context
Manufacturing output is closely monitored by policymakers, economists, and investors to gauge the broader state of the U.S. economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturing economy.
- Manufacturing productivity has increased by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of goods and services produced by private manufacturing companies in the United States on an annual basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing output is a key indicator of the health and productivity of the U.S. economy, providing valuable insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of manufacturing businesses.
Q: How is this trend used in economic policy?
A: Manufacturing output is closely monitored by policymakers to assess the overall state of the U.S. economy and inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of a few months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (PRMITO01DKA661S), retrieved from FRED.