Gross Domestic Product: Manufacturing (31-33) in Maine
Annual, Not Seasonally Adjusted
MEMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,461.80
Year-over-Year Change
55.72%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the annual manufacturing production index in the United States. This key indicator provides insight into the overall health and performance of the U.S. 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
The manufacturing production index tracks changes in the total industrial output of U.S. manufacturing industries. It is a widely followed economic indicator that helps analyze trends in the manufacturing sector and broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this index to assess the state of the manufacturing industry and make informed decisions.
Key Facts
- The manufacturing production index is a leading indicator of overall economic activity.
- U.S. manufacturing accounts for over 11% of the country's GDP.
- The index is measured relative to a 2017 baseline of 100.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total industrial output of U.S. manufacturing industries on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the overall health and performance of the U.S. manufacturing sector, which is a significant driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the manufacturing industry and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MEMANNGSP), retrieved from FRED.