All Employees: Service-Providing in Arizona
Annual, Not Seasonally Adjusted
SMU04000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,803.90
Year-over-Year Change
28.71%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted manufacturing production index for the United States. It is a key indicator of the health and performance of the U.S. 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
The manufacturing production index tracks changes in the total volume of goods produced by U.S. manufacturing industries. It is a widely-watched metric that provides insight into the overall strength and direction of the manufacturing economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on a monthly survey of manufacturing establishments.
Historical Context
The manufacturing production index is used by policymakers, economists, and market analysts to assess the state of the U.S. economy and inform economic decision-making.
Key Facts
- The manufacturing production index has a base year of 2012 = 100.
- The index reached an all-time high of 129.1 in November 2021.
- Manufacturing accounts for approximately 11% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The manufacturing production index measures the total volume of goods produced by U.S. manufacturing industries on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of the health and performance of the U.S. manufacturing sector, which is a critical driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on a monthly survey of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The manufacturing production index is used by policymakers, economists, and market analysts to assess the state of the U.S. economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000000700000001A), retrieved from FRED.