Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Massachusetts
Annual, Not Seasonally Adjusted
MAMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.44
Year-over-Year Change
72.34%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the value of gross output in the manufacturing sector of the U.S. economy. This key economic indicator provides insights into the health and productivity of the manufacturing industry.
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
This metric represents the total dollar value of all goods and services produced by the U.S. manufacturing sector on an annual basis, without adjustments for seasonal variations. It serves as an important barometer for monitoring the performance and competitiveness of the manufacturing industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely track this measure to assess the state of the broader economy and inform economic and industrial policies.
Key Facts
- The U.S. manufacturing sector accounts for over 11% of the country's GDP.
- Manufacturing productivity has increased by over 50% since the 1990s.
- The U.S. is the world's second-largest manufacturer, after China.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods and services produced by 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 measure provides critical insights into the health and performance of the U.S. manufacturing industry, which is a key driver of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this measure to assess the state of the broader economy and inform economic and industrial policies.
Q: Are there update delays or limitations?
A: The data is reported annually, with a slight delay, and does not account for seasonal variations in manufacturing output.
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Citation
U.S. Federal Reserve, 'Annual, Not Seasonally Adjusted' (MAMNGCOENTPRQGSP), retrieved from FRED.