All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Arizona
Annual
SMU04000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.10
Year-over-Year Change
57.27%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average annual growth rate of manufacturing production in the U.S. It is a key indicator of the overall health and direction 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 Annual trend tracks the year-over-year change in manufacturing production, which encompasses a wide range of industries including durable and non-durable goods. It is widely followed by economists, policymakers, and market analysts as a gauge of industrial activity and economic conditions.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing production are closely monitored for insights into the broader economy and to inform monetary and fiscal policy decisions.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The Annual trend reached a high of 8.3% in 2021 as the economy rebounded from the COVID-19 pandemic.
- The lowest annual growth rate in the past decade was -7.0% in 2020 due to pandemic-related disruptions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total manufacturing production in the United States.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing is a key driver of the U.S. economy, and trends in production provide important insights into the health and direction of the industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing production are closely monitored by policymakers and economists to inform monetary and fiscal policy decisions that can support industrial activity and broader economic growth.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU04000007071000001A), retrieved from FRED.