Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Indiana
INNMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.09
Year-over-Year Change
12.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Indiana measures the real output of this industry in the state. It is an important indicator of economic activity and productivity in the 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
This index tracks the quantity or volume of goods produced by Indiana's nonmetallic mineral product manufacturing industry, which includes the production of items like glass, cement, and ceramics. It is used by economists and policymakers to assess the health and trends of the state's industrial base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Historical Context
The index provides insight into the performance of a key manufacturing segment and can inform decisions around economic development, trade, and investment policies.
Key Facts
- The index has a base year of 2012.
- Indiana is a top producer of nonmetallic mineral products in the U.S.
- The industry accounts for over 20,000 jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Indiana's nonmetallic mineral product manufacturing industry, which includes products like glass, cement, and ceramics.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and performance of a key manufacturing segment in the state, which is important for assessing economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Q: How is this trend used in economic policy?
A: The index can inform decisions around economic development, trade, and investment policies affecting Indiana's manufacturing and industrial base.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of several months.
Related Trends
Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Indiana
SMU18000003200000030
Projected Business Formations Within Eight Quarters: Total for All NAICS in Indiana
BFPBF8QTOTALSAIN
All Employees: Leisure and Hospitality: Restaurants and Other Eating Places in Indiana
SMU18000007072250001
Value of Exports to France from Indiana
INFRAA052SCEN
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Indiana
SMU18000004142400001A
Chain-Type Quantity Index for Real GDP: Construction (23) in Indiana
INCONSTQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Indiana (INNMMPMANQGSP), retrieved from FRED.