Real Gross Domestic Product: Manufacturing (31-33) in Massachusetts
Annual, Not Seasonally Adjusted
MAMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,818.10
Year-over-Year Change
13.18%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the capacity utilization rate for the U.S. manufacturing sector. This key economic indicator provides insights into the efficiency and productivity of the nation's industrial base.
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 capacity utilization rate reflects the percentage of total available manufacturing production capacity that is being utilized. It is an important metric for policymakers and analysts to gauge inflationary pressures, overall economic activity, and the manufacturing sector's ability to respond to changes in demand.
Methodology
The data is collected through surveys of manufacturing facilities by the U.S. Federal Reserve.
Historical Context
Capacity utilization rates are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The long-term average capacity utilization rate is around 80%.
- High utilization rates can signal inflationary pressures in the economy.
- Low utilization rates can indicate underutilized production capacity.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the capacity utilization rate for the U.S. manufacturing sector, reflecting the percentage of total available production capacity that is being utilized.
Q: Why is this trend relevant for users or analysts?
A: The capacity utilization rate is an important indicator of the manufacturing sector's efficiency and productivity, providing insights into inflationary pressures, overall economic activity, and the ability to respond to changes in demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Capacity utilization rates are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MAMANRGSP), retrieved from FRED.