Gross Domestic Product: Manufacturing (31-33) in Massachusetts
Annual, Not Seasonally Adjusted
MAMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,971.80
Year-over-Year Change
37.84%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the value-added output of the U.S. manufacturing sector on an annual basis without adjusting for seasonal fluctuations. This provides a high-level view of long-term manufacturing production trends.
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 Annual, Not Seasonally Adjusted series is a key indicator of the health and performance of the U.S. manufacturing industry. It represents the total economic output from manufacturing activities, offering insight into the sector's growth, productivity, and contribution to the broader economy.
Methodology
The data is collected by the U.S. Census Bureau through comprehensive surveys of manufacturing establishments.
Historical Context
This trend is widely tracked by economists, policymakers, and industry analysts to assess the strength of U.S. manufacturing and inform economic and industrial policies.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- Manufacturing productivity has grown by over 2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total value-added output of the U.S. manufacturing sector on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a high-level view of long-term manufacturing production patterns, offering insights into the health and performance of a key sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through comprehensive surveys of manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of U.S. manufacturing and inform decisions related to trade, investment, and industrial policies.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a lag of several months, as the Census Bureau compiles the comprehensive survey results.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MAMANNGSP), retrieved from FRED.