Production: Manufacturing: Total Manufacturing for United States
PRMNTO01USQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
31.89%
Date Range
4/1/1919 - 1/1/2025
Summary
The Production: Manufacturing: Total Manufacturing for United States metric measures the total output of the U.S. manufacturing sector, a key indicator of economic health 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
This broad index tracks the production of goods across a wide range of manufacturing industries, providing insight into the overall strength and trends within the U.S. manufacturing economy. It is a closely watched barometer for economists, policymakers, and investors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on survey responses from manufacturing firms.
Historical Context
The manufacturing production index is used to inform monetary and fiscal policy decisions as well as investment strategies.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The index has a base year of 2017 = 100.
- It is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Production: Manufacturing: Total Manufacturing for United States metric measures the total output of the U.S. manufacturing sector, a key indicator of economic health and industrial activity.
Q: Why is this trend relevant for users or analysts?
A: This broad index provides insight into the overall strength and trends within the U.S. manufacturing economy, making it a closely watched barometer for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on survey responses from manufacturing firms.
Q: How is this trend used in economic policy?
A: The manufacturing production index is used to inform monetary and fiscal policy decisions as well as investment strategies.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for United States (PRMNTO01USQ657S), retrieved from FRED.