Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Arkansas
ARFABRMETQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.68
Year-over-Year Change
-8.44%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Arkansas measures the inflation-adjusted output of the fabricated metal product manufacturing 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
This index provides a measure of the real, volume-based economic activity in the fabricated metal product manufacturing sector in Arkansas. It is a key indicator of the health and productivity of this important industrial segment within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
Policymakers and economists use this metric to assess the industrial performance and competitiveness of Arkansas's manufacturing base.
Key Facts
- The index is rebased to 2012=100.
- Arkansas is a top U.S. state for fabricated metal manufacturing.
- The sector accounts for over 5% of the state's total GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the fabricated metal product manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and competitiveness of an important manufacturing sector within Arkansas's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the industrial health and growth of Arkansas's fabricated metal manufacturing base.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with typical release lags.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Arkansas (ARFABRMETQGSP), retrieved from FRED.