Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Indiana
INFABRMETRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,637.40
Year-over-Year Change
-2.27%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in Indiana. It provides insights into the production and economic activity within this key manufacturing 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
The Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Indiana series tracks the inflation-adjusted value added by the fabricated metal manufacturing industry to the state's overall economic output. This metric is used by economists and policymakers to analyze industrial performance and guide investment decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government surveys and economic indicators.
Historical Context
Trends in fabricated metal manufacturing GDP are closely monitored for their implications on employment, trade, and broader economic conditions.
Key Facts
- Fabricated metal manufacturing accounts for over 10% of Indiana's total GDP.
- This industry employs more than 100,000 workers in the state.
- Indiana is a national leader in fabricated metal production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) generated by the fabricated metal product manufacturing industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking the GDP of Indiana's fabricated metal manufacturing sector provides valuable insights into the health and productivity of this key industrial segment, which has important implications for employment, trade, and the broader state economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Trends in fabricated metal manufacturing GDP are closely monitored by economists, industry analysts, and policymakers for their implications on employment, trade, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent economic conditions. Additionally, the level of industry detail is limited to the state level.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Indiana (INFABRMETRGSP), retrieved from FRED.