Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States
USAPROMANMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.17
Year-over-Year Change
-0.54%
Date Range
1/1/1941 - 4/1/2024
Summary
This economic trend measures the production volume of the manufacturing sector in the United States. It is a key indicator of the overall health and activity of the manufacturing industry, which is a crucial driver of economic growth.
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 Volume index tracks changes in the level of manufacturing output over time. It provides valuable insights into the current state of the U.S. economy and helps policymakers and analysts assess the performance and direction of the manufacturing sector.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as an index based on a reference year.
Historical Context
This trend is closely monitored by the Federal Reserve, government agencies, and economic analysts to inform policy decisions and market strategies.
Key Facts
- The manufacturing sector accounts for about 11% of U.S. GDP.
- Manufacturing production declined during the COVID-19 pandemic but has since recovered.
- The U.S. is the world's second-largest manufacturer, behind China.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing sector in the United States, providing insights into the level of industrial activity and output.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of the overall health and performance of the U.S. economy, helping policymakers and analysts assess the direction and strength of the industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as an index based on a reference year.
Q: How is this trend used in economic policy?
A: The manufacturing production index is closely monitored by the Federal Reserve and other government agencies to inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The manufacturing production data is published monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States (USAPROMANMISMEI), retrieved from FRED.