Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Indiana
Annual, Not Seasonally Adjusted
INDURMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74,014.20
Year-over-Year Change
61.93%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the U.S. industrial production for manufacturing. It is a key indicator of the health and performance of the manufacturing sector in the 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
The Industrial Production Index (INDURMANNGSP) tracks the total volume of output from U.S. manufacturing industries. It is used by economists and policymakers to assess the strength and trends within the manufacturing segment of the economy.
Methodology
The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Historical Context
This indicator provides insight into the overall direction of the manufacturing industry, which is a crucial component of the U.S. economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer.
- Industrial production has increased by over 3% annually on average.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total industrial production of U.S. manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the performance and health of the manufacturing sector, which is a crucial component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the strength and direction of the manufacturing industry, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (INDURMANNGSP), retrieved from FRED.