Question 1

What is Machinery: Materials Costs?

Accepted Answer

For more information, please go to https://www.bls.gov/mfp/

Source Indicator: MPU5200651

Question 2

Where does Machinery: Materials Costs data come from?

Accepted Answer

This dataset is sourced from FRED (FRED), a trusted provider of economic and financial data. DataSetIQ aggregates and standardizes this data for easy access and analysis.

Question 3

How often is Machinery: Materials Costs updated?

Accepted Answer

This dataset is updated on a a basis by FRED. DataSetIQ syncs the latest data regularly to ensure you have access to the most current information.

Question 4

What time period does Machinery: Materials Costs cover?

Accepted Answer

This dataset covers the period from 1987 to 2024. The temporal coverage allows for historical analysis and trend identification over 37 years of data.

Question 5

What units is Machinery: Materials Costs measured in?

Accepted Answer

The data in this dataset is measured in Bil. of Current $. Understanding the measurement units is important for accurate interpretation and comparison with other datasets.

Question 6

What is the data quality score for Machinery: Materials Costs?

Accepted Answer

Machinery: Materials Costs has a DataSetIQ score of 81/100. This score measures data quality based on completeness, timeliness, consistency, and coverage metrics.

Machinery: Materials Costs

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