Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Minnesota
Quarterly, Seasonally Adjusted
MNMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.56
Year-over-Year Change
0.76%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the gross domestic product (GDP) of the manufacturing sector in the United States. This trend is closely watched by economists and policymakers as a key indicator of economic growth and industrial productivity.
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 Quarterly, Seasonally Adjusted series represents the annualized quarter-over-quarter growth rate of real GDP for the manufacturing industry. It provides insights into the overall health and performance of the U.S. manufacturing sector, which is a critical driver of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting standards.
Historical Context
This trend is widely used by analysts, investors, and policymakers to assess the current state and future trajectory of the U.S. manufacturing industry and its influence on the broader economy.
Key Facts
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- U.S. manufacturing GDP grew by 2.8% in the most recent quarter.
- The manufacturing industry employs over 12 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the growth rate of real gross domestic product (GDP) for the manufacturing sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and health of the U.S. manufacturing industry, which is a critical driver of economic growth and a key focus for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting standards.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted series is closely monitored by economists, policymakers, and market analysts to assess the current state and future trajectory of the manufacturing sector and its impact on the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MNMANQQGSP), retrieved from FRED.