Production: Industry: Total Industry Excluding Construction for Canada
Growth rate previous period, Annual, Seasonally Adjusted
PRINTO01CAA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.26
Year-over-Year Change
89.50%
Date Range
1/1/1962 - 1/1/2024
Summary
This economic trend measures the annual growth rate of production in the U.S. manufacturing sector, adjusted for seasonal variations. It provides important insights into the health and momentum of the nation's industrial 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
The growth rate of production in manufacturing is a key indicator of economic conditions. This seasonally adjusted, year-over-year trend tracks changes in the physical output of factories, mills, and workshops across the country. It is closely watched by economists, policymakers, and market analysts to gauge the strength of the industrial economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing firms.
Historical Context
This indicator is used to inform monetary and fiscal policy decisions that can impact employment, investment, and consumer prices.
Key Facts
- The annual growth rate averaged 3.5% from 1972-2022.
- Manufacturing accounts for over 11% of U.S. GDP.
- The series uses 2017 as the base year for index calculations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the seasonally adjusted production output of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing growth rate is a crucial barometer of the health and momentum of the industrial economy, providing insights that inform economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of manufacturing establishments and calculated as a year-over-year percent change in production.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this indicator closely to gauge inflationary pressures and make decisions about monetary and fiscal policies that can impact employment, investment, and consumer prices.
Q: Are there update delays or limitations?
A: The manufacturing growth rate data is released monthly with a lag of approximately 6 weeks. There may also be revisions to prior months' figures as new survey data becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (PRINTO01CAA657S), retrieved from FRED.