Real Gross Domestic Product: Manufacturing (31-33) in Maryland
Annual, Not Seasonally Adjusted
MDMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,920.00
Year-over-Year Change
27.94%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total annual manufacturing output for the U.S. economy. It provides a comprehensive view of the manufacturing sector's performance and is a key indicator of overall economic activity.
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 annual manufacturing output index tracks the total real value added by the manufacturing industry in the United States. It is used by economists and policymakers to assess the health and productivity of the manufacturing sector, which is a critical driver of economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Historical Context
Manufacturing output is closely watched for its influence on employment, consumer prices, and trade balances.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer behind China.
- Manufacturing productivity has increased by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total real value added by the U.S. manufacturing sector on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing output is a key indicator of overall economic health and productivity, making this trend highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Manufacturing output data is closely monitored by the Federal Reserve and other policymakers to assess the strength of the U.S. economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted series is released with a lag of several months, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MDMANRGSP), retrieved from FRED.