Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Louisiana
LAMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.30
Year-over-Year Change
69.21%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Louisiana measures the real output of the miscellaneous manufacturing sector in Louisiana, providing insight into the state's economic performance.
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 changes in the real, inflation-adjusted production of a wide range of manufacturing activities, including medical equipment, office supplies, and other goods. It is a key indicator for economists and policymakers to assess the health and growth of Louisiana's manufacturing base.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments.
Historical Context
The index is used to inform decisions on economic policy, investment, and market trends at the state and national levels.
Key Facts
- Louisiana's miscellaneous manufacturing sector accounts for over $5 billion in annual GDP.
- The index has grown by an average of 2.5% per year over the past decade.
- Miscellaneous manufacturing makes up 7% of Louisiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Louisiana measures the real, inflation-adjusted output of Louisiana's miscellaneous manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and growth of Louisiana's manufacturing base, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments in Louisiana.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform decisions on economic policy, investment, and market trends at the state and national levels.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a typical 2-3 month lag in data availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Louisiana (LAMISCMANQGSP), retrieved from FRED.