Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Missouri
MOOTRANEQMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
380.22
Year-over-Year Change
142.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Missouri measures the volume of output in this manufacturing subsector within the state. It is a key indicator of economic activity and productivity in this important industry.
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 provides a measure of the real, inflation-adjusted value of output from other transportation equipment manufacturing in Missouri. It is used by economists and policymakers to analyze trends in this segment of the state's economy and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production data and price indices.
Historical Context
This metric is relevant for understanding the performance of Missouri's manufacturing sector and informing economic policies.
Key Facts
- Missouri is a major center for transportation equipment manufacturing.
- The industry employs over 50,000 workers in the state.
- Output has grown by 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of output from the other transportation equipment manufacturing subsector in Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and productivity of a key industry in Missouri's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production data and price indices.
Q: How is this trend used in economic policy?
A: This index informs policymakers and economists about the state of Missouri's manufacturing sector, which can influence economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Missouri (MOOTRANEQMANQGSP), retrieved from FRED.