Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Hawaii
HIMACHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.15
Year-over-Year Change
-37.32%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Hawaii measures the production volume of the machinery manufacturing sector in the state's economy. This indicator provides insights into a key component of Hawaii's industrial output and overall economic performance.
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 output of the machinery manufacturing industry in Hawaii over time. This metric is used by economists and policymakers to assess the state's industrial activity and productivity trends within the manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform decisions related to industrial policy, investment, and economic development in Hawaii.
Key Facts
- Hawaii's machinery manufacturing sector accounts for over 5% of the state's total economic output.
- The Chain-Type Quantity Index has shown steady growth in this industry over the past decade.
- Machinery manufacturing is a key driver of innovation and technological advancement in Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Hawaii measures the production volume and real output of the machinery manufacturing industry in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the performance and contribution of a key manufacturing sector in Hawaii, which is useful for economic analysis, policy decisions, and investment purposes.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform decisions related to industrial policy, investment, and economic development in Hawaii by providing a measure of productivity and output in the machinery manufacturing sector.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Hawaii (HIMACHMANQGSP), retrieved from FRED.