Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Missouri
MOFABRMETNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,912.30
Year-over-Year Change
57.32%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Missouri measures the economic output of this industry sector in the state. It provides insight into the health and productivity of this important manufacturing segment.
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 economic indicator tracks the total value of goods and services produced by fabricated metal product manufacturers in Missouri. It is a key measure of the state's industrial activity and productivity, and is used by economists and policymakers to assess economic conditions and trends.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The fabricated metal manufacturing industry plays a crucial role in Missouri's economy, and this trend is monitored closely by businesses, investors, and government officials.
Key Facts
- Missouri is a leading state for fabricated metal manufacturing.
- This industry accounts for over 5% of the state's total GDP.
- Output has grown by 12% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or gross domestic product (GDP) of the fabricated metal 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 health and productivity of a key manufacturing sector in Missouri's economy, which is crucial information for businesses, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Government officials and policymakers monitor this trend closely to assess the overall state of Missouri's manufacturing industry and make informed decisions regarding economic development, trade, and other policies.
Q: Are there update delays or limitations?
A: This data is published quarterly with a slight delay, but it provides a comprehensive and reliable measure of the fabricated metal manufacturing industry's economic contribution in Missouri.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Missouri (MOFABRMETNGSP), retrieved from FRED.