Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Missouri
MOMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.51
Year-over-Year Change
14.01%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Missouri measures the real output of the manufacturing sector in Missouri. This trend is a key indicator of economic activity and productivity 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 Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Missouri tracks the volume of real (inflation-adjusted) goods produced by the manufacturing industry in Missouri. This metric provides insights into the health and growth of the state's manufacturing sector, which is a significant driver of the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using industry-level production data.
Historical Context
Policymakers and economists use this trend to assess the performance and competitiveness of Missouri's manufacturing industry and its contribution to the state's economic growth.
Key Facts
- Manufacturing accounts for over 13% of Missouri's GDP.
- The state's manufacturing output has grown by over 20% since 2010.
- Missouri is a top producer of transportation equipment, chemicals, and food products.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Missouri measures the real (inflation-adjusted) output of the manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of Missouri's manufacturing industry, which is a significant driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using industry-level production data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the performance and competitiveness of Missouri's manufacturing sector and its contribution to the state's economic growth.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Missouri (MOMANQGSP), retrieved from FRED.