Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States
PRMNTO01USQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.71
Year-over-Year Change
3.70%
Date Range
1/1/1919 - 1/1/2024
Summary
This economic trend measures the production volume of the U.S. manufacturing sector, providing insights into the overall health and activity of the 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 Volume index reflects the physical output of manufactured goods in the United States. It is a key indicator used by economists and policymakers to assess the strength and direction of the manufacturing economy.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as an index with a reference year of 2012.
Historical Context
This metric is closely watched by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The index has a baseline of 100 set for the year 2012.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The production volume index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the physical output of manufactured goods in the United States, providing a key indicator of the overall health and activity of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The production volume index is a critical metric used by economists, policymakers, and market analysts to assess the strength and direction of the manufacturing economy, which is a significant component of the U.S. GDP.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as an index with a reference year of 2012.
Q: How is this trend used in economic policy?
A: The production volume index is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions that aim to support and stabilize the manufacturing sector.
Q: Are there update delays or limitations?
A: The production volume index is released monthly by the Federal Reserve, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for United States (PRMNTO01USQ661N), retrieved from FRED.