Production: Manufacturing: Total Manufacturing for United States
USAPRMNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
-84.34%
Date Range
1/1/1920 - 1/1/2025
Summary
The 'Production: Manufacturing: Total Manufacturing for United States' index measures the overall output of the U.S. manufacturing sector. It is a key indicator of the health and strength of the broader economy.
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 manufacturing production index provides a comprehensive gauge of the level of economic activity in the U.S. manufacturing industry. It is widely used by economists, policymakers, and businesses to analyze trends and inform decision-making.
Methodology
The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing establishments.
Historical Context
The manufacturing production index is a closely watched metric that influences monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2017 = 100.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing' index measures the total output of the U.S. manufacturing sector, providing a comprehensive gauge of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the overall health of the U.S. economy, as manufacturing is a critical driver of economic growth. It is closely monitored by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: The manufacturing production index is an important input for monetary and fiscal policy decisions, as it reflects the strength and direction of the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of around one month. While comprehensive, the data may not fully capture the impact of sudden economic events or disruptions.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for United States (USAPRMNTO01GYSAQ), retrieved from FRED.