Production: Mining: Total for India
Monthly, Not Seasonally Adjusted
INDPRMITO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.95
Year-over-Year Change
13.14%
Date Range
4/1/1994 - 10/1/2023
Summary
The Industrial Production: Manufacturing (NAICS) trend measures the monthly change in U.S. manufacturing output. This metric is a key indicator of economic health and industrial activity.
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 Industrial Production: Manufacturing (NAICS) index tracks changes in the total output of the U.S. manufacturing sector. It is used by economists and policymakers to assess the strength and direction of the broader industrial economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
Trends in manufacturing production provide insight into consumer demand, business investment, and overall economic conditions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The index uses a base year of 2017 = 100.
- Data is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production: Manufacturing (NAICS) index tracks changes in the total output of the U.S. manufacturing sector on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely gauge of the health and direction of the broader industrial economy, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: Trends in manufacturing production are closely monitored by policymakers, economists, and market analysts to assess consumer demand, business investment, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of about 2 months from the reference period.
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Citation
U.S. Federal Reserve, Industrial Production: Manufacturing (NAICS) (INDPRMITO01IXOBM), retrieved from FRED.