All Employees: Financial Activities in Minnesota
Annual, Not Seasonally Adjusted
SMU27000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189.10
Year-over-Year Change
11.96%
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. This metric 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 annual, not seasonally adjusted manufacturing production index tracks changes in the total output of the U.S. manufacturing industry over a 12-month period. It is a widely followed indicator used by economists, policymakers, and market analysts to assess the broader state of the domestic economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
The manufacturing production index is a crucial input for evaluating economic growth, guiding monetary and fiscal policies, and understanding market conditions.
Key Facts
- The index uses 2017 as its base year with a value of 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached an all-time high of 129.5 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted manufacturing production index tracks changes in the total output of the U.S. manufacturing industry over a 12-month period.
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 crucial driver of economic growth and a key input for policymakers and market analysts.
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 surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The manufacturing production index is used by economists, policymakers, and market analysts to assess the broader state of the domestic economy and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The manufacturing production index is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU27000005500000001A), retrieved from FRED.