Production: Manufacturing: Consumer Goods: Non-Durable Goods for France
Quarterly, Seasonally Adjusted
PRMNCG03FRQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.71
Year-over-Year Change
1.93%
Date Range
1/1/1990 - 10/1/2018
Summary
This quarterly, seasonally adjusted series measures the real gross domestic product (GDP) of the private industries that produce goods in the United States. It is a key indicator of the overall health and productivity of the domestic 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 Private Industries: Manufacturing GDP series captures the real output generated by private companies across various manufacturing industries in the U.S. economy. This metric is used by economists and policymakers to gauge the performance and competitiveness of the domestic manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive national income and product accounts.
Historical Context
Trends in manufacturing GDP are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Manufacturing productivity has grown 2.4% annually since 2010.
- The U.S. is the world's second-largest manufacturer after China.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product (GDP) generated by private industries in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing GDP is a key indicator of the health and competitiveness of the domestic industrial base, which is crucial for economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive national income and product accounts.
Q: How is this trend used in economic policy?
A: Trends in manufacturing GDP are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Private Industries: Manufacturing, Seasonally Adjusted (PRMNCG03FRQ661S), retrieved from FRED.