Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Indiana
INNMMPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,689.90
Year-over-Year Change
12.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry in Indiana. It provides insight into the economic output and growth 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
The Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Indiana data series tracks the inflation-adjusted value of goods and services produced by this industry within the state. It is an important indicator of industrial productivity and economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of Indiana's manufacturing base.
Key Facts
- Indiana is a leading producer of nonmetallic mineral products.
- This industry accounts for over 10% of the state's total manufacturing GDP.
- Real GDP in this sector grew by 3.2% in the last year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the nonmetallic mineral product manufacturing industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the productivity and economic performance of a key manufacturing sector in Indiana, which is closely tracked by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Indiana's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Indiana (INNMMPMANRGSP), retrieved from FRED.