Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Missouri
MODURMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,114.90
Year-over-Year Change
26.66%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in Missouri. It provides insights into the economic performance and productivity of a key industry 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 GDP of durable goods manufacturing in Missouri represents the inflation-adjusted total value of goods produced by businesses in this industry, including sectors such as computer and electronic product manufacturing, transportation equipment, and furniture. This metric is used by economists and policymakers to assess the overall health and competitiveness of the state'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 relevant for understanding Missouri's economic growth, industrial policy, and trade dynamics.
Key Facts
- Missouri's durable goods manufacturing sector accounts for over 10% of the state's GDP.
- This industry employs more than 200,000 workers in Missouri.
- Real GDP in durable goods manufacturing has grown by 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and productivity of a key industry in Missouri, which is useful for understanding the state's overall economic growth and competitiveness.
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: This trend is relevant for policymakers and economists assessing Missouri's industrial policy, trade dynamics, and overall economic growth strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Bureau of Economic Analysis, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Missouri (MODURMANRGSP), retrieved from FRED.