Sales: Manufacturing: Total Manufacturing: Volume for Germany
Annual, Seasonally Adjusted
SLMNTO01DEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.81
Year-over-Year Change
10.65%
Date Range
1/1/1960 - 1/1/2018
Summary
This economic indicator tracks the annual, seasonally adjusted employment levels in the nondurable goods manufacturing sector of the United States. It provides insight into the overall health and production capacity of the manufacturing 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 Annual, Seasonally Adjusted nondurable goods manufacturing employment series measures the total number of individuals employed in the production of nondurable goods, such as food, apparel, and chemicals. This metric is a key indicator of the manufacturing sector's economic performance and is closely monitored by economists and policymakers.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to assess the strength of the manufacturing industry and inform economic policy decisions.
Key Facts
- The nondurable goods manufacturing sector accounts for about 40% of total U.S. manufacturing employment.
- Employment in nondurable goods manufacturing has declined by over 30% since the early 2000s.
- Trends in nondurable goods employment are closely tied to consumer demand and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted employment levels in the nondurable goods manufacturing sector of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and production capacity of the manufacturing industry, which is a critical component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in nondurable goods employment are closely monitored by economists and policymakers to assess the strength of the manufacturing sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (SLMNTO01DEA661S), retrieved from FRED.