Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Missouri
Quarterly, Seasonally Adjusted
MOMINQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.67
Year-over-Year Change
9.81%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the total value of manufacturing output in the United States on a quarterly basis, with seasonal fluctuations removed. This metric is a key indicator of the overall health and productivity of the U.S. 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
The Quarterly, Seasonally Adjusted manufacturing output series provides a comprehensive picture of the manufacturing industry's contribution to the broader U.S. economy. It is widely used by economists, policymakers, and market analysts to gauge trends in production, identify growth patterns, and inform economic forecasting.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
This series is closely monitored by the Federal Reserve and other economic authorities to assess the nation's industrial performance and inform monetary and fiscal policy decisions.
Key Facts
- U.S. manufacturing output reached a record high in Q4 2021.
- The sector accounts for approximately 12% of the U.S. GDP.
- Manufacturing has experienced a steady recovery since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of manufacturing output in the United States on a quarterly basis, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and productivity of the U.S. manufacturing sector, and is widely used by economists, policymakers, and market analysts to gauge trends in production, identify growth patterns, and inform economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This series is closely monitored by the Federal Reserve and other economic authorities to assess the nation's industrial performance and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of several weeks after the end of the reporting period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MOMINQQGSP), retrieved from FRED.