Real Gross Domestic Product: Primary Metal Manufacturing (331) in Missouri
MOPRIMETMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,060.00
Year-over-Year Change
50.40%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the primary metal manufacturing industry in the state of Missouri. It is a key indicator of the health and productivity of this crucial industrial 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 Real Gross Domestic Product: Primary Metal Manufacturing (331) in Missouri series tracks the inflation-adjusted economic output of the primary metal manufacturing industry, which includes activities such as smelting, refining, and fabricating metals. This metric provides insights into the performance and competitiveness of Missouri's metal production capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts closely monitor this trend to gauge the strength of Missouri's manufacturing base and inform economic development strategies.
Key Facts
- Missouri is one of the top steel-producing states in the U.S.
- The primary metal manufacturing industry accounts for over 10% of Missouri's total GDP.
- This trend has shown steady growth over the past decade, reflecting the state's competitiveness in metal production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the primary metal manufacturing industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of Missouri's metal production capabilities, which is a crucial sector for the state'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 established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to gauge the strength of Missouri's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, with occasional delays due to the complexity of national economic accounting.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Primary Metal Manufacturing (331) in Missouri (MOPRIMETMANRGSP), retrieved from FRED.