Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Missouri
MOTEXTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.60
Year-over-Year Change
9.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of textile mills and textile product mills in the state of Missouri. It provides insights into the performance and contribution of this important manufacturing sector to the state's economy.
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 Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Missouri trend represents the total economic output of this industry within the state. It is a key indicator for understanding the health and competitiveness of Missouri's textile manufacturing capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This trend is valuable for policymakers, industry analysts, and businesses to assess the competitiveness and growth potential of Missouri's textile manufacturing sector.
Key Facts
- Missouri's textile industry accounts for over $2 billion in annual GDP.
- Textile mills and product mills make up 3.5% of Missouri's total manufacturing GDP.
- The state's textile sector has experienced modest growth of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of textile mills and textile product manufacturers located in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and competitiveness of Missouri's textile manufacturing industry, which is a key part of the state's overall 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 industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and businesses can use this trend to assess the growth potential and competitiveness of Missouri's textile manufacturing sector, informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Missouri (MOTEXTNGSP), retrieved from FRED.