Average Hourly Earnings of All Employees: Goods Producing in Utah
Annual
SMU49000000600000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.68
Year-over-Year Change
47.76%
Date Range
1/1/2007 - 1/1/2024
Summary
This series measures the annual average of manufacturing and trade sales in the United States. It is a key indicator of consumer demand and economic 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
The Annual Manufacturing and Trade Sales series tracks the total value of sales from U.S. manufacturers, wholesalers, and retailers on an annual basis. It is used by economists and policymakers to assess the overall health of the consumer economy.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This metric helps inform Federal Reserve and government policies related to consumer spending and industrial production.
Key Facts
- Annual sales peaked at $26.9 trillion in 2021.
- Sales fell 1.7% in 2020 due to the COVID-19 pandemic.
- The retail sector accounts for the largest share of total annual sales.
FAQs
Q: What does this economic trend measure?
A: This series measures the total annual value of sales from U.S. manufacturers, wholesalers, and retailers. It provides a high-level view of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The Annual Manufacturing and Trade Sales data is a key indicator of the overall health of the consumer economy, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly and annual surveys of businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and government agencies use this metric to inform policies related to consumer spending, industrial production, and overall economic growth.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual Manufacturing and Trade Sales (SMU49000000600000003A), retrieved from FRED.