Fabricated metal products
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Fabricated metal products industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
Industries in the Fabricated Metal Product Manufacturing subsector transform metal into intermediate or end products, other than machinery, computers and electronics, and metal furniture, or treat metals and metal formed products fabricated elsewhere. Important fabricated metal processes are forging, stamping, bending, forming, and machining, used to shape individual pieces of metal; and other processes, such as welding and assembling, used to join separate parts together. Establishments in this subsector may use one of these processes or a combination of these processes.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had decreased 0.3 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 0.4 percent.
- Prices increased 8.3 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry decreased 1.1 percent.
- Costs increased 11.1 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 49.6% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Manufacturing sector. Costs associated with this sector decreased -4%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Manufacturing | 49.6% | -4% |
| Labor | 32.1% | +3.1% |
| Professional, Scientific, and Technical Services | 4.6% | -0.9% |
| Management of Companies and Enterprises | 3% | -1.8% |
| Administrative and Support and Waste Management and Remediation Services | 2.4% | -1% |
To download this data, or to learn more about how demand for this industry is measured, please contact us.
- As of July 2019, demand for this industry had increased 2 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 5.5 percent.
- Costs increased 13.6 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Manufacturing sector. This sector accounts for 39.5% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Exports sector, where demand increased 45.6%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Manufacturing | 39.5% | -0.1% |
| Construction | 19.4% | +0% |
| Exports | 10.5% | +45.6% |
| Personal consumption | 8.2% | +3.5% |
| Private fixed investment | 4.4% | +45.6% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU332---332---.
- Costs measured from January 2020
- Demand measured from July 2019
