Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Iowa
IAMVEHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.08
Year-over-Year Change
-21.43%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Iowa measures the volume of economic output in this key industry sector within the state.
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 provides a standardized measure of real production in Iowa's motor vehicle manufacturing industry, which is a critical component of the state's economy. It allows economists and policymakers to track trends and changes in this important economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production and pricing information.
Historical Context
This index is used to gauge the health and performance of Iowa's manufacturing sector and can inform economic and policy decisions.
Key Facts
- Iowa is a major center of motor vehicle manufacturing in the U.S.
- This index tracks real output, not just sales or revenues.
- The index uses 2012 as the base year for comparisons.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of economic output in Iowa's motor vehicle, bodies, trailers, and parts manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This index provides an important gauge of activity and performance in a key manufacturing sector for the Iowa economy, helping to inform business, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and the index is calculated by the U.S. Bureau of Economic Analysis using industry-level production and pricing information.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and market analysts to assess the health and trajectory of Iowa's manufacturing sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The index data is published on a regular schedule by the U.S. Bureau of Economic Analysis, but there may be some time lags in the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Iowa (IAMVEHMANQGSP), retrieved from FRED.