Production: Mining: Total for Finland
Annual, Not Seasonally Adjusted
PRMITO01FIA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.72
Year-over-Year Change
-8.96%
Date Range
1/1/1990 - 1/1/2022
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the percentage change in total manufacturing output over a 12-month period. This 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
This annual manufacturing output measure tracks the year-over-year change in total production across diverse manufacturing industries, including durable and nondurable goods. It is a key metric for economists and policymakers to assess broader economic conditions and monitor the industrial base.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of manufacturing facilities.
Historical Context
This trend is closely watched by analysts and policymakers to gauge the strength of the U.S. economy and inform decisions on fiscal and monetary policy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- Manufacturing employment has declined from a peak of 19 million in 1979 to around 12 million today.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the year-over-year percentage change in total manufacturing output in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of the U.S. manufacturing sector, which is a crucial driver of economic growth and a key focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this trend to assess the strength of the broader U.S. economy and inform decisions on fiscal, monetary, and industrial policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
Related Trends
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Finland
FINPROMANMISMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Finland
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Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Finland
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Balance of Payments: Services: Expenditure for Finland
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People 15 Years and Over Saving at a Financial Institution in the Past Year for Finland
DDAI06FIA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Finland
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRMITO01FIA661N), retrieved from FRED.