Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Hawaii
HIFABRMETQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.73
Year-over-Year Change
-18.07%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Hawaii measures the inflation-adjusted output of the fabricated metal products manufacturing industry in Hawaii.
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 represents the real, volume-based output of the fabricated metal products manufacturing sector in Hawaii's economy. It is a key indicator of productivity and economic activity in this important industrial segment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price indices.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to gauge the health and trends within Hawaii's manufacturing sector.
Key Facts
- Hawaii's fabricated metal products industry contributed $1.2 billion to state GDP in 2021.
- The industry employs over 5,000 workers in Hawaii.
- Output in this sector has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the fabricated metal products manufacturing industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of productivity and economic activity in Hawaii's important manufacturing sector.
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 indices.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to gauge the health and trends within Hawaii's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Hawaii (HIFABRMETQGSP), retrieved from FRED.