Source: Federal Reserve Bank of St. Louis  

Release: Supplemental Estimates, Underlying Detail Tables, Spliced Series

Units:  Millions of Chained 2017 Dollars, Seasonally Adjusted

Frequency:  Quarterly

Real Manufacturing and Trade Industries Sales (CQRMTSPL) was first constructed by the Federal Reserve Bank of St. Louis in June 2013. It is calculated using Real Manufacturing and Trade Industries Sales (HQRMT) (https://fred.stlouisfed.org/series/HQRMT) and Real Manufacturing and Trade Industries (CQRMT) (https://fred.stlouisfed.org/series/CQRMT).

Before January 1997
lag1(HQRMT) = one observation earlier than current time period observation
HQRMT_PC = the growth rate of HQRMT
lead1(CQRMTSPL) = one observation later than current time period observation
HQRMT_PC = [HQRMT/lag1(HQRMT ) –1]
CQRMTSPL= lead1(CQRMTSPL)/(1+HQRMT_PC)

After December 1996
CQRMTSPL= CQRMT