Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Missouri
MOAPPLEATHMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.30
Year-over-Year Change
20.67%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in Missouri. It provides insight into the economic performance and productivity 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 Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Missouri series tracks the inflation-adjusted output of this industry within the state. It is a key indicator of the industry's contribution to the overall Missouri economy and its competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This metric is used by policymakers, economists, and industry analysts to monitor the health and trends within Missouri's apparel, leather, and allied product manufacturing sector.
Key Facts
- Missouri is a major center for apparel, leather, and allied product manufacturing.
- This industry accounts for over $5 billion in annual economic output in the state.
- Productivity gains have driven real GDP growth in this sector in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product 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 metric provides important insights into the performance and productivity of a key manufacturing sector in the Missouri economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this metric to monitor the health and competitiveness of Missouri's apparel, leather, and allied product manufacturing sector.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, with a lag of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Missouri (MOAPPLEATHMANRGSP), retrieved from FRED.