Production: Manufacturing: Consumer Goods: Total for Austria
Quarterly, Seasonally Adjusted
PRMNCG01ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.27
Year-over-Year Change
6.68%
Date Range
1/1/1996 - 7/1/2023
Summary
This economic trend measures productivity in the manufacturing sector on a quarterly, seasonally adjusted basis. It is a key indicator of economic growth and efficiency.
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 index tracks changes in the output per hour of all persons in the manufacturing sector. It is used by policymakers and analysts to assess the productivity and competitiveness of the U.S. manufacturing industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Productivity trends are closely monitored by the Federal Reserve and other economic institutions to inform policy decisions.
Key Facts
- Manufacturing productivity has grown by over 50% since 1987.
- The U.S. ranks among the most productive manufacturing economies globally.
- Productivity gains are linked to increased investment and technological innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in manufacturing productivity, or output per hour, on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing productivity is a critical indicator of economic competitiveness and growth potential. Trends in this metric inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Productivity trends are closely monitored by the Federal Reserve and other economic institutions to inform policy decisions that promote economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay to allow for comprehensive data collection.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (PRMNCG01ATQ661S), retrieved from FRED.