International Merchandise Trade Statistics: Imports: Commodities for Portugal
Growth rate same period previous year, Annual, Seasonally Adjusted
XTIMVA01PTA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.79
Year-over-Year Change
-113.65%
Date Range
1/1/1958 - 1/1/2024
Summary
This economic indicator measures the year-over-year growth rate of value-added in the manufacturing sector. It provides insight into the overall health and production levels of the U.S. 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 growth rate of manufacturing value-added tracks changes in the total economic output of the manufacturing sector compared to the same period a year earlier. This metric is a key barometer of industrial activity and production capacity utilization.
Methodology
The data is calculated based on the Bureau of Economic Analysis' estimates of gross value-added by industry.
Historical Context
Economists and policymakers closely monitor this indicator to assess the state of the manufacturing economy and its implications for broader economic performance.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The sector employs over 12 million workers nationwide.
- Growth in manufacturing value-added signals expanding industrial capacity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of value-added output in the U.S. manufacturing sector, providing insight into the overall health and production levels of the industry.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of manufacturing value-added is a closely watched metric that helps economists and policymakers assess the state of the industrial economy and its implications for broader economic performance.
Q: How is this data collected or calculated?
A: The data is calculated based on the Bureau of Economic Analysis' estimates of gross value-added by industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge the health of the manufacturing sector and its role in driving overall economic growth. It informs decisions around monetary policy, trade policy, and industrial development initiatives.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a delay of several months. As an estimate based on broader economic data, it may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTIMVA01PTA659S), retrieved from FRED.