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How is the information from the Annual Survey of Manufactures used?

annual manufactures Survey Used
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How is the information from the Annual Survey of Manufactures used?

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The Annual Survey of Manufactures provides the best single measures of current U.S. manufacturing industry outputs, inputs and operating status, and the primary basis for updates of the Longitudinal Research reports. In addition: • The Bureau of Labor Statistics uses these data to calculate annual productivity series, update producer price indexes, and calculate weights for new index components. • The Federal Reserve Board uses the data to prepare the Index of Industrial Production. • The Bureau of Economic Analysis uses the data to prepare annual GDP updates and weights for GDP deflators. • The Department of Commerce’s International Trade Administration uses the data to evaluate and forecast industrial activity. • State and local agencies use the data to plan trade and economic policies, and • Private industry and trade associations use it to plan operations, analyze markets, and make investment and production decisions.

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