Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Iowa
IAMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.35
Year-over-Year Change
33.50%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Iowa measures the real output of the miscellaneous manufacturing sector in the state. This metric is important for economists and policymakers to track productivity and economic trends in this key 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
The Chain-Type Quantity Index provides a measure of the real, inflation-adjusted output of the miscellaneous manufacturing sector in Iowa. It is used to analyze the performance and contribution of this industry to the state's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production and price information.
Historical Context
This index is utilized by economists, businesses, and policymakers to inform decisions related to economic policy, investment, and strategic planning.
Key Facts
- The index uses 2012 as the base year.
- Iowa's miscellaneous manufacturing sector accounts for over 5% of the state's total GDP.
- The index has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Iowa measures the real, inflation-adjusted output of the miscellaneous manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for tracking productivity and economic performance in a key industry, which informs decisions related to economic policy, investment, and strategic planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production and price information.
Q: How is this trend used in economic policy?
A: The Chain-Type Quantity Index is utilized by economists, businesses, and policymakers to analyze the contribution of the miscellaneous manufacturing sector to Iowa's overall economic growth and make informed decisions.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a typical lag of 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Iowa (IAMISCMANQGSP), retrieved from FRED.