Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Turkiye
Monthly, Seasonally Adjusted
TURPROMANMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.82
Year-over-Year Change
4.62%
Date Range
1/1/1958 - 3/1/2024
Summary
The 'Monthly, Seasonally Adjusted' economic trend measures the volume of manufacturing production in the United States. It is a key indicator of the health and direction of the U.S. industrial 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 index tracks the physical quantity of goods produced by U.S. manufacturers, adjusted for seasonal variations. It is widely used by economists and policymakers to assess the state of the manufacturing economy and monitor industrial activity.
Methodology
The data is collected through surveys of manufacturing facilities and calculated by the U.S. Federal Reserve.
Historical Context
The manufacturing production index informs economic analysis and decisions around monetary and fiscal policy.
Key Facts
- Manufacturing accounts for about 12% of U.S. GDP.
- The index has a base year of 2017 = 100.
- Readings above 100 indicate expansion, below 100 contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' trend measures the total physical volume of goods produced by U.S. manufacturing facilities, adjusted to remove seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of the health and direction of the U.S. industrial sector, providing insight into economic growth, business investment, and consumer demand.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data through surveys of manufacturing facilities and calculates the seasonally adjusted index.
Q: How is this trend used in economic policy?
A: The manufacturing production index informs decisions around monetary and fiscal policy, as it reflects the strength and momentum of the industrial economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (TURPROMANMISMEI), retrieved from FRED.