Growth Rate Previous Period, Monthly, Seasonally Adjusted
MANMNM01DKM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
38.20%
Date Range
4/1/1970 - 12/1/2013
Summary
The Growth Rate Previous Period, Monthly, Seasonally Adjusted measures the month-over-month percent change in manufacturing production, providing insights into the health and direction 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
This economic indicator tracks the monthly growth rate in manufacturing output, which is a key component of overall industrial production. It offers policymakers and analysts a timely signal of manufacturing activity and can help inform decisions about monetary and fiscal policy.
Methodology
The Federal Reserve collects and aggregates production data from manufacturing establishments across the U.S. to calculate this seasonally adjusted growth rate.
Historical Context
The manufacturing growth rate is closely watched by the Federal Reserve and other institutions for its implications on the broader economy.
Key Facts
- Manufacturing accounts for about 12% of U.S. GDP.
- The growth rate reached a high of 2.7% in 2021.
- Positive growth indicates an expanding industrial sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the month-over-month percent change in manufacturing production, providing insights into the manufacturing sector's performance.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing growth rate is a key metric for assessing the health and direction of the U.S. industrial sector, which is a crucial driver of economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data from manufacturing establishments across the U.S. and calculates the seasonally adjusted month-over-month growth rate.
Q: How is this trend used in economic policy?
A: The manufacturing growth rate is closely monitored by the Federal Reserve and other policymakers for its implications on monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around 6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly, Seasonally Adjusted (MANMNM01DKM657S), retrieved from FRED.