All Employees: Government in West Virginia
Annual, Not Seasonally Adjusted
SMU54000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.10
Year-over-Year Change
-1.69%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted manufacturing production index for the United States. It provides insights into the overall health and output 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 annual, not seasonally adjusted manufacturing production index tracks changes in the total volume of goods produced by U.S. manufacturers on a yearly basis. It is a key indicator of industrial activity and an important metric for policymakers and analysts monitoring the broader economy.
Methodology
The data is collected through surveys of manufacturing establishments and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The manufacturing production index is widely used to assess the state of the U.S. economy and inform policy decisions.
Key Facts
- The index uses 2012 as its base year (2012=100).
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached its highest level on record in December 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted manufacturing production index for the United States, providing insights into the overall output and health of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of industrial activity and an important metric for policymakers and analysts monitoring the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The manufacturing production index is widely used to assess the state of the U.S. economy and inform policy decisions by government, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The manufacturing production index data is typically released with a one-month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU54000009000000001A), retrieved from FRED.