Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States
USAPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.75
Year-over-Year Change
-0.03%
Date Range
1/1/1941 - 4/1/2024
Summary
This trend measures the production volume of the U.S. manufacturing sector, providing a key indicator of overall economic activity and industrial performance.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States series tracks the total volume of production across the manufacturing industry, reflecting the strength and direction of the broader economy.
Methodology
The data is collected through surveys of manufacturing companies by the U.S. Census Bureau.
Historical Context
This metric is closely watched by economists, policymakers, and market analysts to assess the health of the industrial sector and make informed decisions.
Key Facts
- U.S. manufacturing production accounts for over 11% of GDP.
- The manufacturing sector employs over 12 million workers in the U.S.
- Production volume is a leading indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of production across the U.S. manufacturing sector, providing a key indicator of industrial activity and economic performance.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing production is a vital component of the U.S. economy, and this metric is closely monitored by economists, policymakers, and market participants to assess the health of the industrial sector and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing companies conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in manufacturing production are closely watched by policymakers and central banks to gauge the strength of the broader economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States (USAPRMNTO01IXOBM), retrieved from FRED.