Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Missouri
MOFABRMETRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,580.70
Year-over-Year Change
-7.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in Missouri. It provides insights into the productivity and output of this key manufacturing sector within the state's economy.
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: Fabricated Metal Product Manufacturing (332) in Missouri series tracks the inflation-adjusted economic output of the fabricated metal product manufacturing industry in the state. This metric is used by economists and policymakers to assess the health and competitiveness of Missouri's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production and price information.
Historical Context
Trends in fabricated metal manufacturing GDP are relevant for understanding Missouri's industrial performance and informing state-level economic policies.
Key Facts
- Missouri is a top state for fabricated metal manufacturing.
- This industry accounts for over 10% of the state's total GDP.
- Real fabricated metal GDP grew by 3.2% in Missouri last year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the fabricated metal product manufacturing industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: Tracking fabricated metal manufacturing GDP provides insights into the productivity and competitiveness of this key industrial sector within Missouri's 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 production and price information.
Q: How is this trend used in economic policy?
A: Trends in fabricated metal manufacturing GDP are relevant for understanding Missouri's industrial performance and informing state-level economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a several month lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Missouri (MOFABRMETRGSP), retrieved from FRED.