Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Maine
Quarterly, Seasonally Adjusted Annual Rate
MEMINNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.60
Year-over-Year Change
-22.51%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MEMINNQGSP) measures the total dollar value of new manufacturing orders received by U.S. firms. It serves as a key indicator of economic activity and business investment.
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 Quarterly, Seasonally Adjusted Annual Rate (MEMINNQGSP) tracks the total dollar value of new orders received by U.S. manufacturing firms on a quarterly basis. This metric is used by economists and policymakers to gauge the health and trajectory of the manufacturing sector, a critical component of the broader economy.
Methodology
The data is collected through surveys of manufacturing firms and adjusted for seasonal variations.
Historical Context
The MEMINNQGSP series provides insights into manufacturing demand and can inform economic policy decisions.
Key Facts
- The series has been tracked since 1992.
- New manufacturing orders reached a high of $561 billion in 2018.
- The series experienced a sharp decline during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MEMINNQGSP) measures the total dollar value of new manufacturing orders received by U.S. firms on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as a key indicator of economic activity and business investment, providing insights into the health and trajectory of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The MEMINNQGSP series can inform economic policy decisions by providing insights into manufacturing demand and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical update delay of several weeks.
Related Trends
Real Gross Domestic Product: Ambulatory Health Care Services (621) in Maine
MEAMBHCRGSP
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Maine
MEFININSREALRGSP
Employed Involuntary Part-Time for Maine
INVOLPTEMPME
Chain-Type Quantity Index for Real GDP: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in Maine
MEMISCPROQGSP
90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Maine
PECIUB5T17ME23000A647NCEN
Residential Carbon Dioxide Emissions, Residential for Maine
EMISSCO2VCLRCBMEA
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MEMINNQGSP), retrieved from FRED.