Production: Manufacturing: Consumer Goods: Durable Goods for Austria
Annual, Not Seasonally Adjusted
PRMNCG02ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.38
Year-over-Year Change
20.28%
Date Range
1/1/1996 - 1/1/2022
Summary
The 'Annual, Not Seasonally Adjusted' data series measures the production of manufacturing output in the United States. This metric is a key indicator of the health and activity of the U.S. industrial 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, non-seasonally adjusted index tracks changes in the total volume of manufacturing production over time. It is used by economists and policymakers to assess the broader trends and performance of the U.S. manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
Manufacturing output is an important driver of economic growth and a bellwether for overall business conditions.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- Manufacturing productivity has risen by over 2.4% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This data series tracks changes in the total volume of manufacturing production in the United States on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing output is a key indicator of the health and performance of the U.S. industrial sector, which is a major driver of economic growth and business conditions.
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 manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor manufacturing output to assess the broader state of the U.S. economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted manufacturing production data is typically published with a 1-2 month delay by the Federal Reserve.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRMNCG02ATA661N), retrieved from FRED.