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Correlations > Industry Statistics > Total Manufacturing > Value added

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

Correlations between Industry > Total Manufacturing > Value added ...

Variable Strength
...and  Industry > Total Manufacturing > Total value of shipments 97% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 97% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 96% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 95% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 95% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 92% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 92% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Value added 91% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 91% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 91% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees 90% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) 90% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 90% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing 89% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Production workers wages 89% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total value of shipments 88% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll 88% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing 88% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing 88% [plot | correlate | graph]
...and  Health > Number of Nursing Homes 88% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Fabricated metal product manufacturing 88% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added 87% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > White 87% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing 87% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing 87% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation 87% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Public Internet Terminals 87% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- White, non-Hispanic 87% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total cost of materials 86% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Production workers wages 86% [plot | correlate | graph]
...and  Energy > Total Energy Consumption 86% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Machinery manufacturing 86% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments 86% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing 85% [plot | correlate | graph]
...and  Education > Public Libraries > Children's Program Attendance 85% [plot | correlate | graph]
...and  Health > Number of Infant Deaths 85% [plot | correlate | graph]
...and  Health > Total State Health Care Spending 84% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers (average per year) 84% [plot | correlate | graph]
...and  Health > Total Medicaid Spending, FY2004 84% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments 84% [plot | correlate | graph]
...and  Industry > Food manufacturing > Value added 84% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials 83% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures 83% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Plastics and rubber products manufacturing 83% [plot | correlate | graph]
...and  Education > Public Libraries > Public Service Hours 82% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials 82% [plot | correlate | graph]
...and  Health > Total Dual Eligible Medicaid Spending 82% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers hours 82% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added 82% [plot | correlate | graph]
Average: 88%

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 measure of manufacturing activity is derived by subtracting the cost of materials, supplies, containers, fuel, purchased electricity, and contract work from the value of shipments (products manufactured plus receipts for services rendered). The result of this calculation is adjusted by the addition of value added by merchandising operations (i.e., the difference between the sales value and the cost of merchandise sold without further manufacture, processing, or assembly) plus the net change in finished goods and work-in-process between the beginning- and end-of-year inventories.

SOURCE: Annual Survey of Manufactures, 2004

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