Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Maine
MEMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.47
Year-over-Year Change
99.70%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Maine measures the real output of the miscellaneous manufacturing sector in Maine. This metric is important for economists and policymakers to understand regional economic trends and productivity.
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
This index tracks the volume of production from Maine's miscellaneous manufacturing industries, which includes a diverse array of products like medical equipment, office supplies, and sporting goods. It provides insights into the overall health and competitiveness of this key sector of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index that adjusts for price changes over time.
Historical Context
Policymakers and businesses can use this metric to inform economic development strategies and investments in the state's manufacturing capabilities.
Key Facts
- Maine's miscellaneous manufacturing sector accounts for over 10% of the state's GDP.
- The index uses 2012 as the base year for measuring real output changes.
- This metric tracks a diverse range of products beyond traditional heavy manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Maine measures the real output volume of Maine's diverse miscellaneous manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the competitiveness and productivity of a key sector of Maine's economy, which can inform economic development strategies and business investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index that adjusts for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and businesses can use this metric to understand regional manufacturing trends and make informed decisions about economic development, workforce investments, and infrastructure improvements.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month release lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Maine (MEMISCMANQGSP), retrieved from FRED.