Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Massachusetts
MAMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.75
Year-over-Year Change
18.70%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Massachusetts measures the real output of the management of companies and enterprises sector in the state of Massachusetts. This metric is important for economists and policymakers to understand regional economic trends and the performance of specific industries.
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 of real GDP output from the management of companies and enterprises sector in Massachusetts. It provides insights into the productivity and growth of this key service industry within the state's economy.
Methodology
The data is calculated based on industry-level quantity indexes from the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by economists, businesses, and government agencies to analyze regional economic conditions and inform policy decisions.
Key Facts
- Massachusetts is a major center for management and enterprise services.
- The management sector comprises around 5% of the state's total GDP.
- This index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or quantity of GDP from the management of companies and enterprises sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and growth of a key service industry within the Massachusetts economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on industry-level quantity indexes.
Q: How is this trend used in economic policy?
A: This index is widely used by economists, businesses, and government agencies to analyze regional economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis with a short delay, providing timely information on the management sector's performance.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Massachusetts (MAMNGCOENTPRQQGSP), retrieved from FRED.