Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Iowa
IAFABRMETQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.48
Year-over-Year Change
10.78%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Iowa measures the real output of the fabricated metal product manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and productivity of a key industrial sector.
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 tracks the real (inflation-adjusted) quantity of goods produced by fabricated metal product manufacturers in Iowa. It is a valuable indicator of the manufacturing industry's contribution to the state's overall economic output and can help identify trends in productivity, investment, and competitiveness.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments.
Historical Context
Policymakers and analysts use this metric to gauge the performance of Iowa's manufacturing sector and its impact on the broader state economy.
Key Facts
- Iowa is a major hub for fabricated metal product manufacturing.
- The industry accounts for over 10% of the state's total economic output.
- The index has shown steady growth in recent years, reflecting the sector's resilience.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods produced by the fabricated metal product manufacturing industry in Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the health and productivity of a key manufacturing sector in the Iowa economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge the performance of Iowa's manufacturing sector and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, but it provides a reliable, comprehensive measure of the fabricated metal product manufacturing industry in Iowa.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Iowa (IAFABRMETQGSP), retrieved from FRED.