Real Gross Domestic Product: Manufacturing (31-33) in the District of Columbia
Annual, Not Seasonally Adjusted
DCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
316.80
Year-over-Year Change
1.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Annual, Not Seasonally Adjusted trend measures the total value of manufacturing shipments in the United States. It provides insights into the health and activity 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
This economic indicator tracks the dollar value of shipments from manufacturing establishments across the country. It is a key measure of manufacturing output and an important signal of broader economic conditions.
Methodology
The data is collected through monthly surveys of manufacturers by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to gauge the strength of the manufacturing industry and its contribution to the overall economy.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer, behind China.
- The Annual, Not Seasonally Adjusted trend reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total value of shipments from manufacturing establishments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and activity of the U.S. manufacturing sector, which is a crucial driver of economic growth and a key focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the strength of the manufacturing industry and its contribution to the overall economy, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is released with a short lag, typically within a few months of the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCMANRGSP), retrieved from FRED.