Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Massachusetts
MAOTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,680.70
Year-over-Year Change
-16.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for other transportation equipment manufacturing in Massachusetts. It provides insight into the economic performance and production levels of this key industry in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The real GDP for other transportation equipment manufacturing in Massachusetts captures the inflation-adjusted value of goods and services produced by this manufacturing sector. It is an important indicator of the industry's contribution to the state's overall economic output and can inform policy decisions and investment strategies.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
Policymakers and industry analysts use this trend to understand the competitive position and growth potential of Massachusetts' transportation equipment manufacturing sector.
Key Facts
- Massachusetts is a major hub for transportation equipment manufacturing.
- This sector accounts for a significant portion of the state's industrial output.
- Trends in real GDP for this industry can signal broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the other transportation equipment manufacturing sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and production levels of a key manufacturing industry in Massachusetts, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to understand the competitive position and growth potential of Massachusetts' transportation equipment manufacturing sector.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in the underlying survey and modeling methodologies.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Massachusetts (MAOTRANEQMANRGSP), retrieved from FRED.