Gross Domestic Product: Manufacturing (31-33) in Illinois
Annual, Not Seasonally Adjusted
ILMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139,136.00
Year-over-Year Change
34.51%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures manufacturing output in the United States. It is a key indicator of the overall health of the U.S. economy.
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 series tracks the total output of manufactured goods in the U.S., without adjusting for seasonal variations. It provides insights into the long-term trends and growth patterns of the American manufacturing sector.
Methodology
The data is collected through surveys of manufacturing facilities and production levels.
Historical Context
Policymakers and analysts use this metric to gauge the strength and trajectory of the broader U.S. economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The sector employs over 12 million workers nationwide.
- Output has increased by 25% since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the total volume of manufacturing output in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and direction of the U.S. economy, as manufacturing is a critical driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is gathered through surveys of manufacturing facilities and production levels across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to gauge the strength of the industrial sector and inform decisions around fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of several weeks between the end of the reference period and the publication of the report.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ILMANNGSP), retrieved from FRED.