Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Colorado
COMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.38
Year-over-Year Change
24.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Colorado measures the inflation-adjusted output of the miscellaneous manufacturing sector in Colorado. This metric is important for economists and policymakers to assess the health and growth of this key industry within the state's economy.
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 changes in the real, inflation-adjusted production volume of the miscellaneous manufacturing industry in Colorado. This measure is a useful indicator of the sector's economic performance and can provide insights into the broader trends affecting Colorado's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production figures and price indexes.
Historical Context
This economic indicator is commonly used by policymakers, industry analysts, and economists to monitor the performance of Colorado's manufacturing sector and inform economic policy decisions.
Key Facts
- Colorado's miscellaneous manufacturing sector accounts for over 5% of the state's total economic output.
- This index has shown steady growth in the past decade, indicating a healthy manufacturing base.
- The miscellaneous manufacturing industry encompasses a diverse range of products, from medical equipment to sporting goods.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Colorado measures the inflation-adjusted output of the miscellaneous manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth of a key industry within Colorado's economy, which is valuable for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production figures and price indexes.
Q: How is this trend used in economic policy?
A: This economic indicator is commonly used by policymakers, industry analysts, and economists to monitor the performance of Colorado's manufacturing sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with some potential for minor delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Colorado (COMISCMANQGSP), retrieved from FRED.