Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Missouri
MOELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.10
Year-over-Year Change
-24.44%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Missouri measures the inflation-adjusted output of this industry in the state over time. This data point is a key indicator of economic activity and productivity in the electrical 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
This index tracks the real, inflation-adjusted dollar value of goods produced by electrical equipment, appliance, and component manufacturers in Missouri. It is used by economists and policymakers to assess the health and trends of this critical industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this index can inform decisions around economic and industrial policies, as well as investments in the electrical manufacturing supply chain.
Key Facts
- Missouri is a top state for electrical equipment production.
- This index has trended upward over the past decade.
- The electrical manufacturing industry accounts for over 30,000 jobs in Missouri.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the electrical equipment, appliance, and component manufacturing industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important indicator of productivity, competitiveness, and economic health within a key manufacturing sector in Missouri.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Trends in this index can inform decisions around economic and industrial policies, as well as investments in the electrical manufacturing supply chain.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of updated index values.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Missouri (MOELCEQAPMANQGSP), retrieved from FRED.