Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Iowa
IAMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.95
Year-over-Year Change
9.91%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Iowa measures the real output of the manufacturing sector in the state. This metric is important for economists and policymakers to assess the health and productivity of Iowa's 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
This index tracks changes in the real, inflation-adjusted output of Iowa's manufacturing sector, which comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. The index is a useful indicator of manufacturing activity and can inform decisions around economic development, industrial policy, and investment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other sources.
Historical Context
This metric is closely watched by state and federal policymakers to gauge the performance of Iowa's manufacturing base and inform economic strategies.
Key Facts
- Iowa's manufacturing sector accounts for over 18% of the state's GDP.
- The index uses 2012 as the base year with a value of 100.
- Manufacturing makes up the largest share of Iowa's economy by industry.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Iowa measures the real, inflation-adjusted output of the manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of manufacturing activity and productivity in Iowa, providing insights that can inform economic development strategies, industrial policies, and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other sources.
Q: How is this trend used in economic policy?
A: State and federal policymakers closely monitor this index to gauge the performance of Iowa's manufacturing base and inform economic strategies.
Q: Are there update delays or limitations?
A: The index data is published on a regular schedule, though there may be some 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: Manufacturing (31-33) in Iowa (IAMANQGSP), retrieved from FRED.