Production output of defense and space equipment
The data set "Equipment: Defense and Space Equipment" measures how much the U.S. is producing in terms of military and space-related technology and machinery. Tracked monthly by the Federal Reserve, this index reflects the real output of U.S.-based manufacturers that build everything from weapons systems and armored vehicles to satellites and space launch components.
By following this index, we get a clearer picture of the production capacity of the US defense industrial base. Rising production indicates manufacturers are actively building defense systems, while declining production may signal slower procurement or capacity constraints.
Units: Index 2017=100