Monthly, Not Seasonally Adjusted
MANMM102RUM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,985,600,000,000.00
Year-over-Year Change
8.64%
Date Range
6/1/1995 - 12/1/2013
Summary
The 'Monthly, Not Seasonally Adjusted' series measures the percent change in U.S. manufacturing output on a monthly basis without adjusting for seasonal variations. This metric provides insights into the real-time performance 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
This manufacturing output index tracks changes in the total volume of goods produced by U.S. factories, mills, and refineries. It serves as a key indicator of the health and direction of the domestic manufacturing industry, which is a critical component of the broader economy.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as a volume index based on 2017 as the reference year.
Historical Context
Policymakers and analysts monitor this metric to assess the manufacturing sector's contribution to overall economic growth and inform decisions on fiscal and monetary policies.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- The manufacturing sector employs over 12 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly percent change in the total volume of goods produced by U.S. manufacturing establishments, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing output index is a crucial indicator of the health and performance of the U.S. manufacturing sector, which is a significant contributor to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as a volume index based on 2017 as the reference year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the manufacturing sector's contribution to economic growth and inform decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical lag of around 2 months.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (MANMM102RUM189N), retrieved from FRED.