Annual, Not Seasonally Adjusted
PRTURTOTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
706.13
Year-over-Year Change
212.72%
Date Range
1/1/1983 - 1/1/2011
Summary
The Annual, Not Seasonally Adjusted trend measures the total production of automobiles and light trucks in the United States. This metric is a key indicator of the health and output of the U.S. automotive manufacturing industry.
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 data series tracks the total annual production of passenger cars, SUVs, pickup trucks, and other light vehicles manufactured in the United States. It is an important economic indicator that provides insight into the strength of domestic automobile manufacturing and consumer demand.
Methodology
The data is collected by industry organizations and government agencies through surveys of automotive producers.
Historical Context
Policymakers and analysts monitor this trend to assess the state of the U.S. manufacturing sector and consumer spending.
Key Facts
- U.S. auto production peaked in 2016 at over 17 million units.
- The COVID-19 pandemic led to a 19% decline in U.S. auto production in 2020.
- The U.S. is the second-largest automobile producer in the world after China.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual production of passenger cars, SUVs, pickup trucks, and other light vehicles manufactured in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the U.S. automotive manufacturing industry and consumer demand, making it an important economic indicator.
Q: How is this data collected or calculated?
A: The data is collected by industry organizations and government agencies through surveys of automotive producers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the state of the U.S. manufacturing sector and consumer spending.
Q: Are there update delays or limitations?
A: The data is reported annually, with potential delays in publication due to the time required for industry-wide data collection.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRTURTOTADSMEI), retrieved from FRED.