Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Maine
MEPAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.49
Year-over-Year Change
-35.12%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Maine measures the inflation-adjusted output of the paper manufacturing industry in the state. This indicator provides insights into the economic performance and competitiveness of a key 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
The Chain-Type Quantity Index tracks the real, inflation-adjusted production volume of the paper manufacturing industry in Maine. This metric is used by economists and policymakers to analyze trends in industrial activity, productivity, and the broader state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production data and price indexes.
Historical Context
This index offers valuable context for understanding the dynamics of Maine's manufacturing sector and its contribution to the state's economic growth.
Key Facts
- Maine is a major paper-producing state, accounting for a significant share of U.S. paper output.
- The paper manufacturing industry is a vital component of Maine's economy, providing jobs and economic activity.
- This index tracks volume changes, not just dollar values, to assess the real productivity of the sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Maine measures the inflation-adjusted output or production volume of the paper manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of a key manufacturing sector in Maine, offering context for understanding the state's broader economic growth and industrial dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production data and price indexes.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to analyze trends in industrial activity, productivity, and the overall health of Maine's manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a typical delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Maine (MEPAPMANQGSP), retrieved from FRED.