Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Missouri
MOAPPLEATHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212.20
Year-over-Year Change
34.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in Missouri. It is a key indicator of the economic performance and competitiveness of 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
The Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Missouri series tracks the total economic output of this industry within the state. It provides valuable insights into the productivity, growth, and overall health of this vital component of Missouri's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic development organizations to inform decision-making and strategy.
Key Facts
- Missouri is a leading producer of apparel, leather, and allied products.
- This industry accounts for over 5% of the state's total manufacturing GDP.
- The sector has seen steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and competitiveness of a key manufacturing sector in Missouri, informing economic policy and business decisions.
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 principles.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and economic development organizations closely monitor this trend to inform decision-making and strategy related to the manufacturing sector in Missouri.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Missouri (MOAPPLEATHMANNGSP), retrieved from FRED.