Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Missouri
MOSAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229.40
Year-over-Year Change
34.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Missouri measures the real output of the support activities for mining sector in the state. This trend is a key indicator of economic activity and productivity in Missouri's mining 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
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Missouri is a measure of the real (inflation-adjusted) output of the support activities for mining sector in the state. It reflects the underlying production volumes rather than just nominal dollar values, providing a more accurate picture of economic trends in this important industry.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Historical Context
This index is used by economists, policymakers, and industry analysts to assess the health and growth of Missouri's mining sector and its broader economic implications.
Key Facts
- The index is based on 2012 as the reference year.
- Mining support activities account for a significant portion of Missouri's economy.
- The index can signal shifts in investment, employment, and productivity in the state's mining sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Missouri measures the real (inflation-adjusted) output of the mining support activities sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic activity and productivity in Missouri's mining industry, providing insights that are valuable for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and industry analysts to assess the health and growth of Missouri's mining sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The index is published regularly by the U.S. Federal Reserve, with potential for short delays in data availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Missouri (MOSAMINQGSP), retrieved from FRED.