Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
PRMNTO01G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.95
Year-over-Year Change
143.39%
Date Range
1/1/1991 - 7/1/2017
Summary
This economic trend measures the year-over-year growth rate of manufacturing output in the United States on a quarterly basis, adjusting for seasonal variations. It provides valuable insights into the 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
The Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted metric tracks the percentage change in manufacturing production compared to the same quarter in the previous year. This metric is a key indicator of the manufacturing industry's output and can inform economic policymaking and business decision-making.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to assess the broader trends and health of the U.S. manufacturing economy.
Key Facts
- Quarterly, seasonally adjusted metric
- Measures year-over-year growth in U.S. manufacturing output
- Provides insights into the health of the manufacturing sector
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of manufacturing output in the United States on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and performance of the U.S. manufacturing sector, which is crucial for understanding broader economic conditions and informing policy decisions.
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 establishments.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and industry analysts to assess the broader trends and health of the U.S. manufacturing economy, which can inform economic policymaking and business decision-making.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve, and there may be some delays in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (PRMNTO01G7Q659S), retrieved from FRED.