Real Gross Domestic Product: Printing and Related Support Activities (323) in Massachusetts
MAPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
835.20
Year-over-Year Change
-37.69%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product of the printing and related support activities industry in Massachusetts. It provides insights into the economic performance of this important 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: Printing and Related Support Activities (323) in Massachusetts series tracks the inflation-adjusted value added by this industry to the state's overall economic output. It is a key indicator of the industry's productivity and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This metric is used by policymakers, economists, and industry analysts to assess the health and trends in Massachusetts' printing and publishing sector.
Key Facts
- Massachusetts is a hub for the printing and publishing industry.
- The printing sector accounts for over 30,000 jobs in the state.
- This industry generates billions in economic output annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product, or inflation-adjusted economic output, of the printing and related support activities industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and competitiveness of a key manufacturing sector in the Massachusetts economy, which is vital information for policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health and performance of the printing and publishing sector in Massachusetts, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 1-2 quarters behind the current period, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in Massachusetts (MAPRNTRGSP), retrieved from FRED.