Production: Mining: Total for Slovak Republic
Annual, Not Seasonally Adjusted
PRMITO01SKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.56
Year-over-Year Change
-31.79%
Date Range
1/1/1992 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted production of motor vehicles and parts in the United States. It provides important insights into the health and performance of the domestic automotive industry.
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 production of motor vehicles and parts is a key indicator of overall manufacturing activity and economic growth. This data series tracks the total annual output of the U.S. automotive sector, offering valuable insights for policymakers, analysts, and industry stakeholders.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of motor vehicle and parts manufacturers.
Historical Context
Trends in motor vehicle production are closely monitored by economic and policy decision-makers to assess the state of U.S. manufacturing and consumer demand.
Key Facts
- The U.S. auto industry produces over 10 million vehicles annually.
- Motor vehicle and parts manufacturing accounts for over 3% of U.S. GDP.
- Domestic auto production has rebounded since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual, not seasonally adjusted production of motor vehicles and parts in the United States.
Q: Why is this trend relevant for users or analysts?
A: Motor vehicle production is a key indicator of overall manufacturing activity and economic growth, making this data highly relevant for policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of motor vehicle and parts manufacturers.
Q: How is this trend used in economic policy?
A: Trends in motor vehicle production are closely monitored by economic and policy decision-makers to assess the state of U.S. manufacturing and consumer demand.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a short delay, providing timely insights into the automotive industry.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRMITO01SKA661N), retrieved from FRED.