Gross Domestic Product: Machinery Manufacturing (333) in Louisiana
LAMACHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,745.00
Year-over-Year Change
-7.45%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Machinery Manufacturing (333) in Louisiana measures the economic output of the machinery manufacturing industry in the state. It is a key indicator of the health and performance of Louisiana's 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 economic trend represents the total value of goods and services produced by the machinery manufacturing industry in Louisiana. It is used by economists and policymakers to assess the state's industrial composition, competitiveness, and economic diversification.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and other economic indicators.
Historical Context
Trends in machinery manufacturing GDP can inform decisions about economic development, trade, and industrial policies in Louisiana.
Key Facts
- Louisiana is a major center for the machinery manufacturing industry.
- The machinery manufacturing sector accounts for a significant portion of the state's GDP.
- Trends in this indicator can signal changes in Louisiana's industrial competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of the machinery manufacturing industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and competitiveness of Louisiana's manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Trends in machinery manufacturing GDP can inform decisions about economic development, trade, and industrial policies in Louisiana.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay in availability compared to some other economic indicators.
Related Trends
All Employees: Leisure and Hospitality: Food Services and Drinking Places in Louisiana
SMU22000007072200001SA
Electric Power Carbon Dioxide Emissions, All Fuels for Louisiana
EMISSCO2TOTVECTOLAA
Value of Exports to Belgium from Louisiana
LABELA052SCEN
Housing Inventory: Median Listing Price Month-Over-Month in Louisiana
MEDLISPRIMMLA
Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Louisiana
LATRUCKTRANQGSP
Business Applications for Louisiana
BUSAPPWNSALA
Citation
U.S. Federal Reserve, Gross Domestic Product: Machinery Manufacturing (333) in Louisiana (LAMACHMANNGSP), retrieved from FRED.