Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Louisiana
LANMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.05
Year-over-Year Change
-32.05%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Louisiana measures the real, inflation-adjusted output of this industry in the state. It is a key indicator of economic activity and productivity in this important 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 volume of goods produced by nonmetallic mineral product manufacturers in Louisiana, which includes businesses that make products like cement, glass, and ceramics. It is used by economists and policymakers to assess the health and competitiveness of this industry within the state's economy.
Methodology
The data is collected through surveys of manufacturing establishments and calculated using a chain-type index that adjusts for inflation.
Historical Context
Trends in this index can inform decisions about economic development, investment, and trade policies related to Louisiana's nonmetallic mineral product manufacturing industry.
Key Facts
- Louisiana is a major producer of nonmetallic mineral products.
- The industry employs over 10,000 workers in the state.
- Output has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the nonmetallic mineral product manufacturing industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and competitiveness of an important manufacturing sector within Louisiana's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated using a chain-type index that adjusts for inflation.
Q: How is this trend used in economic policy?
A: Trends in this index can inform decisions about economic development, investment, and trade policies related to Louisiana's nonmetallic mineral product manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Louisiana (LANMMPMANQGSP), retrieved from FRED.