Quarterly Financial Report: U.S. Corporations: All Manufacturing: Income Taxes Accrued, Prior and Current Years, Net of Payments
QFRD309MFGUSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,405.00
Year-over-Year Change
-1.22%
Date Range
10/1/2000 - 1/1/2025
Summary
This economic indicator tracks net income tax accruals for U.S. manufacturing corporations, capturing the difference between tax liabilities and actual tax payments. It provides critical insight into the financial performance and tax strategies of 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
The metric represents the quarterly net tax position of manufacturing firms, reflecting both current year tax obligations and adjustments from prior years. Economists use this data to assess corporate financial health, tax efficiency, and potential economic pressures on the manufacturing industry.
Methodology
Data is collected through comprehensive quarterly financial surveys of U.S. manufacturing corporations, compiled and standardized by federal economic reporting agencies.
Historical Context
This trend is used by policymakers, investors, and economic analysts to understand corporate tax dynamics, industrial sector performance, and potential macroeconomic implications.
Key Facts
- Represents net tax accruals for U.S. manufacturing corporations
- Includes current and prior year tax adjustments
- Provides quarterly snapshot of manufacturing sector tax liabilities
FAQs
Q: What does this economic indicator measure?
A: It measures the net income tax accruals for U.S. manufacturing corporations, including current and prior year tax adjustments.
Q: Why are manufacturing tax accruals important?
A: These accruals provide insights into corporate financial health, tax efficiency, and potential economic pressures on the manufacturing sector.
Q: How is this data collected?
A: The data is gathered through comprehensive quarterly financial surveys of U.S. manufacturing corporations by federal economic reporting agencies.
Q: How do policymakers use this information?
A: Policymakers analyze this trend to understand corporate tax dynamics, industrial sector performance, and potential macroeconomic implications.
Q: How frequently is this data updated?
A: The data is typically updated on a quarterly basis, providing a regular snapshot of manufacturing corporations' tax positions.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Manufacturing: Income Taxes Accrued, Prior and Current Years, Net of Payments [QFRD309MFGUSNO], retrieved from FRED.
Last Checked: 8/1/2025