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Correlations > Industry Statistics > Chemical manufacturing > Total cost of materials

VIEW DATA:   Totals   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Chemical manufacturing > Total cost of materials ...

Variable Strength
...and  Industry > Chemical manufacturing > Total value of shipments 85% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Value added 68% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Value added 61% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total value of shipments 61% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Production workers wages 60% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total capital expenditures 60% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total cost of materials 57% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers hours 55% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Annual payroll 54% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total capital expenditures 53% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Petroleum and coal products manufacturing 53% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total, All Grades- unknown (per capita) 51% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per capita) 47% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Value added (per $ GDP) 46% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages 45% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll 44% [plot | correlate | graph]
...and  Health > Gonorrhea Cases 44% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Two Year 44% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Public 44% [plot | correlate | graph]
...and  Energy > Total Energy Consumption 43% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Chemical manufacturing 43% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 41% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 41% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Support activities for mining 41% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total capital expenditures (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per $ GDP) 40% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Petroleum and coal products manufacturing 40% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers (average per year) 39% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- Black, non-Hispanic 39% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Water transportation 39% [plot | correlate | graph]
...and  Energy > Natural Gas Consumption 39% [plot | correlate | graph]
...and  People > Total Black Population 38% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining 38% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Oil and gas extraction 37% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Water transportation 37% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining 37% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Water transportation 37% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 37% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Chemical manufacturing 37% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Chemical manufacturing 37% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Number of employees 37% [plot | correlate | graph]
...and  Health > Chlamydia Cases 37% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Water transportation 36% [plot | correlate | graph]
...and  Health > Gonorrhea Rate 36% [plot | correlate | graph]
...and  Energy > Oil Consumption 35% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Legal services (per $ GDP) 35% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Support activities for mining 34% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Black, Non-Hispanic 34% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Water transportation (per $ GDP) 34% [plot | correlate | graph]
Average: 44%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

VIEW FOR THIS VARIABLE:

NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed



DEFINITION: This term refers to direct charges actually paid or payable for items consumed or put into production during the year, including freight charges and other direct charges incurred by the establishment in acquiring these materials. It includes the cost of materials or fuel consumed, whether purchased by the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year.

SOURCE: Annual Survey of Manufactures, 2004

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