Growth Rate Previous Period, Quarterly, Seasonally Adjusted
PRMNTO01G7Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-573.20%
Date Range
4/1/1990 - 7/1/2017
Summary
This economic indicator measures the quarterly growth rate of manufacturing output in the United States, adjusted for seasonal factors. It provides insights into the momentum and health of the manufacturing sector, a key driver of the broader economy.
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 previous period, quarterly, seasonally adjusted metric tracks the quarter-over-quarter change in manufacturing production, with seasonal variations removed. It is a widely followed gauge of manufacturing activity and a leading indicator of overall economic conditions.
Methodology
The Federal Reserve collects and aggregates data from manufacturing facilities to calculate this seasonally adjusted growth rate.
Historical Context
Policymakers and economists monitor this metric to assess the state of the manufacturing industry and its influence on the broader economic trajectory.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The sector employs over 12 million workers in the U.S.
- Growth in manufacturing output is a key driver of overall economic expansion.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter growth rate of manufacturing output in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing growth rate is a widely followed gauge of economic activity and a leading indicator of broader economic conditions.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and aggregates data from manufacturing facilities to calculate this seasonally adjusted growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the state of the manufacturing industry and its influence on the overall economic trajectory.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (PRMNTO01G7Q657S), retrieved from FRED.