Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States
USAPROMANQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.88
Year-over-Year Change
3.64%
Date Range
1/1/1919 - 1/1/2024
Summary
This economic trend measures the production volume of the manufacturing sector in the United States. It is a key indicator of overall economic activity and industrial output.
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 Manufacturing Production Index tracks changes in the total volume of production across the U.S. manufacturing industry. It provides insight into the health and performance of this critical sector of the economy.
Methodology
The data is collected through monthly surveys of manufacturing establishments and calculated as an index based on the total physical output.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the state of the U.S. economy.
Key Facts
- The manufacturing sector accounts for over 11% of U.S. GDP.
- U.S. manufacturing production reached an all-time high in 2021.
- Increases in the Manufacturing Production Index signal economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Manufacturing Production Index measures the total volume of output from the U.S. manufacturing sector. It serves as a key indicator of industrial activity and overall economic health.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance of the manufacturing industry, which is a major driver of the U.S. economy. It is closely watched by policymakers, economists, and investors to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments and calculated as an index based on the total physical output.
Q: How is this trend used in economic policy?
A: The Manufacturing Production Index is a key economic indicator used by the Federal Reserve and other policymakers to monitor the health of the U.S. economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Manufacturing Production Index is released monthly by the Federal Reserve, with a typical lag of around one month. There may be revisions to the data as more information becomes available.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States (USAPROMANQISMEI), retrieved from FRED.