Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
MABMBM01O1A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.27
Year-over-Year Change
-42.38%
Date Range
1/1/1981 - 1/1/2013
Summary
This economic indicator tracks the year-over-year growth rate of manufacturing output, providing insight into the health and trajectory of the U.S. industrial 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 Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted metric measures the percentage change in manufacturing production compared to the same period a year earlier. It offers a long-term perspective on industrial activity trends, a key input for policymakers and market analysts.
Methodology
The data is calculated based on the Federal Reserve's monthly manufacturing production index.
Historical Context
Monitoring this growth rate helps economists and businesses assess the broader state of the U.S. economy and manufacturing industry.
Key Facts
- The metric tracks year-over-year changes in U.S. manufacturing output.
- Manufacturing is a significant component of the U.S. economy, accounting for over 11% of GDP.
- Annual growth rates help identify long-term trends beyond month-to-month volatility.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in U.S. manufacturing production, providing insight into the health and direction of the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring manufacturing output growth is crucial for evaluating the broader state of the economy, as the industrial sector is a major driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly manufacturing production index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely track this metric to assess the health of the U.S. economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a lag of several weeks.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (MABMBM01O1A659S), retrieved from FRED.