Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Indiana
INMVEHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.87
Year-over-Year Change
65.55%
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 Indiana measures the real output of this key manufacturing sector in 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 comprehensive gauge of economic activity in Indiana's motor vehicle manufacturing industry, which is a crucial part of the state's economy. It is used by economists and policymakers to assess the health and performance of this critical manufacturing segment.
Methodology
The data is collected through surveys of motor vehicle manufacturers and calculated using a chain-type quantity index methodology.
Historical Context
The index offers insights into the economic conditions and trends impacting Indiana's auto industry, which has significant implications for the state's overall economic performance.
Key Facts
- Indiana is a major hub for automotive manufacturing in the United States.
- The motor vehicle industry accounts for a significant portion of the state's economic output.
- This index provides a timely gauge of activity in a critical manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of Indiana's motor vehicle, bodies and trailers, and parts manufacturing industry (NAICS codes 3361-3363).
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic performance in a crucial manufacturing sector for Indiana, providing insights that are valuable for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of motor vehicle manufacturers and calculated using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, economists, and industry analysts to assess the health and performance of Indiana's automotive manufacturing sector, which has significant implications for the state's overall economic conditions.
Q: Are there update delays or limitations?
A: The index is updated regularly by the U.S. Federal Reserve, but there may be some delays in the release of the latest 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 Indiana (INMVEHMANQGSP), retrieved from FRED.