Real Manufacturing and Trade Industries Sales
Millions of Chained 1996 Dollars, Monthly
HMRMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
738,316.00
Year-over-Year Change
3.41%
Date Range
1/1/1967 - 12/1/1996
Summary
The 'Millions of Chained 1996 Dollars, Monthly' trend measures the volume of total manufacturing output in the United States, adjusted for inflation. This metric is a key indicator of the health and productivity 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 real, inflation-adjusted dollar value of total manufacturing production on a monthly basis. Economists and policymakers closely monitor manufacturing output as it reflects the strength of a core component of the U.S. economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on surveys of manufacturing firms.
Historical Context
Trends in manufacturing output are used to inform monetary and fiscal policy decisions.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- This metric uses 'chained' dollars to adjust for inflation.
- Manufacturing productivity has increased by over 50% since 1996.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Chained 1996 Dollars, Monthly' trend measures the total real output of the U.S. manufacturing sector on a monthly basis, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing is a crucial component of the U.S. economy, so this metric provides valuable insights into the health and productivity of this vital sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on surveys of manufacturing firms.
Q: How is this trend used in economic policy?
A: Trends in manufacturing output are closely watched by economists and policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of several weeks to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Millions of Chained 1996 Dollars, Monthly (HMRMT), retrieved from FRED.