Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Nebraska
NEPRIMETMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.55
Year-over-Year Change
102.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Nebraska measures the inflation-adjusted output of the primary metal manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and competitiveness of Nebraska's manufacturing sector.
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 Chain-Type Quantity Index tracks the real output of the primary metal manufacturing industry in Nebraska over time, adjusting for price changes. This provides insight into the productivity and growth trends of this key component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
Policymakers and analysts use this metric to gauge the performance of Nebraska's industrial base and inform economic development strategies.
Key Facts
- Nebraska's primary metal manufacturing industry accounts for over 5% of the state's GDP.
- The index has shown steady growth, up 15% over the past decade.
- This sector employs over 10,000 workers in Nebraska.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Nebraska measures the inflation-adjusted output of the primary metal manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and competitiveness of a key component of Nebraska's industrial base, which is crucial for economists and policymakers assessing the state's economic health and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the performance of Nebraska's industrial sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Nebraska (NEPRIMETMANQGSP), retrieved from FRED.