manufacturing activity
Manufacturing activity refers to the processes involved in producing goods from raw materials. This includes various stages such as designing, fabricating, assembling, and packaging products. Industries like automotive, electronics, and textiles are key players in manufacturing, contributing significantly to the economy.
The level of manufacturing activity is often measured by indicators such as production output, employment rates, and inventory levels. These metrics help assess the health of the manufacturing sector and its impact on overall economic growth. Organizations like the Institute for Supply Management provide reports that track these trends regularly.