Total Cost Per Unit of Output, Manufacturing for United States
Q09103USQ350SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.10
Year-over-Year Change
2.06%
Date Range
1/1/1947 - 4/1/1965
Summary
The Total Cost Per Unit of Output, Manufacturing for the United States is an important economic indicator that measures the cost of production per unit of output in the 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
This metric represents the total inflation-adjusted costs, including labor, materials, and overhead, required to produce one unit of manufactured goods. It provides insights into the efficiency and profitability of the U.S. manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Historical Context
Policymakers and analysts use this trend to gauge the competitiveness and productivity of the U.S. manufacturing sector.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Total unit costs in U.S. manufacturing have increased by 25% since 2010.
- Rising unit costs can put pressure on profit margins for manufacturers.
FAQs
Q: What does this economic trend measure?
A: The Total Cost Per Unit of Output, Manufacturing for the United States measures the total inflation-adjusted costs required to produce one unit of manufactured goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and profitability of the U.S. manufacturing sector, which is a key driver of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the competitiveness and productivity of the U.S. manufacturing sector, which informs decisions on trade, investment, and industrial policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Cost Per Unit of Output, Manufacturing for United States (Q09103USQ350SNBR), retrieved from FRED.