Sectoral Output for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Millions of Dollars
IPUGN4238T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
652,539.41
Year-over-Year Change
54.41%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic indicator measures the value of U.S. industrial production in millions of dollars. It provides insight into the overall health and output of the 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
The Millions of Dollars trend tracks the total monetary value of industrial production in the United States. It is a key macroeconomic indicator used by analysts and policymakers to assess the strength and direction of the U.S. economy.
Methodology
This data is collected and calculated by the U.S. Federal Reserve through surveys of industrial facilities.
Historical Context
Trends in industrial production are closely monitored for their implications on employment, consumer spending, and overall economic growth.
Key Facts
- The industrial production index measures real output for manufacturing, mining, and electric and gas utilities.
- The value of U.S. industrial production reached an all-time high of $5.2 trillion in 2021.
- Manufacturing accounts for over 75% of total U.S. industrial production.
FAQs
Q: What does this economic trend measure?
A: The Millions of Dollars trend measures the total monetary value of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: Tracking industrial production is crucial for understanding the overall health of the U.S. economy, as it provides insights into employment, consumer spending, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Trends in industrial production are closely monitored by economists, policymakers, and market analysts to assess the strength of the manufacturing sector and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around 15 days from the end of the reference period.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUGN4238T300000000), retrieved from FRED.