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Correlations > Industry Statistics > Leather & allied product manufacturing > Total cost of materials

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

Correlations between Industry > Leather & allied product manufacturing > Total cost of materials ...

Variable Strength
...and  Economy > GSP > Real GSP > Information and data processing services (per $ GDP) 45% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Information and data processing services (per $ GDP) 44% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Broadcasting and telecommunications (inverse) 39% [plot | correlate | graph]
...and  Health > Total Health Clinics 39% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total capital expenditures 38% [plot | correlate | graph]
...and  Lifestyle > Percent of Households That are Married-Couple Families With Own Children 35% [plot | correlate | graph]
...and  People > Percent of Households That are Married-Couple Families With Own Children 35% [plot | correlate | graph]
...and  Military > Department of Defense > Procurement and All Salaries (per capita) 35% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Information and data processing services (per $ GDP) 34% [plot | correlate | graph]
...and  Military > Defense Contracts- Expenditures (per capita) 32% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Production workers wages 32% [plot | correlate | graph]
...and  Lifestyle > Percent of Households That are Married-Couple Families 32% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Information and data processing services (per capita) 32% [plot | correlate | graph]
...and  Military > Defense Contracts- Expenditures (per $ GDP) 32% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Information and data processing services (per capita) 31% [plot | correlate | graph]
...and  Military > Department of Defense > Procurement and All Salaries (per $ GDP) 31% [plot | correlate | graph]
...and  People > Percent of People Who are Two or More Races Excluding Some Other Race 30% [plot | correlate | graph]
...and  Military > Total Army Recruits (per capita) 30% [plot | correlate | graph]
...and  People > Percent of People Who are Native Hawaiian and Other Pacific Islander Alone 29% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal military (per capita) 29% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eleventh Grade Students (per capita) 29% [plot | correlate | graph]
...and  Health > Prostate cancer testing (inverse) 29% [plot | correlate | graph]
...and  Military > Navy Recruits: Percent Black (inverse) 28% [plot | correlate | graph]
...and  Education > Public Libraries > Users of Electronic Resources (per capita) (inverse) 27% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Undergraduate (per capita) 27% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Tenth Grade Students (per capita) 27% [plot | correlate | graph]
...and  People > Total Native Americans 27% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Computer and electronic product manufacturing (inverse) 27% [plot | correlate | graph]
...and  Military > Army Recruits: Percent Black (inverse) 27% [plot | correlate | graph]
...and  People > Percent of People Who are Black or African American Alone (inverse) 27% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total cost of materials 27% [plot | correlate | graph]
...and  Health > Births of Low Birthweight as a % of Births (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Information and data processing services (per capita) 26% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other transportation equipment manufacturing (per capita) 26% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total value of shipments 26% [plot | correlate | graph]
...and  Geography > Percentage of area water (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other transportation equipment manufacturing (per capita) 25% [plot | correlate | graph]
...and  People > Total Black Population (per capita) (inverse) 25% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers hours 25% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total value of shipments 25% [plot | correlate | graph]
...and  Energy > Gasoline Consumption (per capita) (inverse) 24% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Twelfth Grade Students (per capita) 24% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers (average per year) 24% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Electrical equipment and appliance manufacturing (inverse) 24% [plot | correlate | graph]
...and  Geography > Land area 23% [plot | correlate | graph]
...and  Health > MC Enrollment as a % of Medicaid Enrollment (inverse) 23% [plot | correlate | graph]
...and  Energy > Gasoline Consumption (per $ GDP) (inverse) 23% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Sixth Grade Students (per capita) 23% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eighth Grade Students (per capita) 23% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Production workers (average per year) 23% [plot | correlate | graph]
Average: 29%

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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