Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Arkansas
ARMVEHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.51
Year-over-Year Change
1.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the motor vehicles, bodies and trailers, and parts manufacturing sector in Arkansas. It provides insights into the productivity and output of this key manufacturing industry.
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 real GDP, adjusting for inflation, in the motor vehicles, bodies and trailers, and parts manufacturing industry in Arkansas. This data is used by economists and policymakers to analyze the economic performance and competitiveness of this important manufacturing subsector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Monitoring this trend helps inform economic and industry policies that impact manufacturing in Arkansas.
Key Facts
- The index is based on 2012 as the base year.
- Arkansas is a major center for automobile and parts manufacturing.
- The trend provides insights into this industry's productivity and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the motor vehicles, bodies and trailers, and parts manufacturing sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists and policymakers to analyze the economic performance and competitiveness of this important manufacturing subsector in Arkansas.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps inform economic and industry policies that impact manufacturing in Arkansas.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Arkansas (ARMVEHMANQGSP), retrieved from FRED.