Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Mississippi
MSMACHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.81
Year-over-Year Change
-18.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Mississippi measures the real output of the machinery manufacturing industry in the state. This indicator provides insights into the economic performance and productivity of this key 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 Chain-Type Quantity Index tracks changes in the real (inflation-adjusted) value of goods produced by the machinery manufacturing industry in Mississippi. It is used by economists and policymakers to analyze industrial trends and the broader health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This indicator is relevant for understanding the industrial composition and competitiveness of Mississippi's economy.
Key Facts
- The index is calculated using a chain-type method to account for changes in product composition over time.
- Machinery manufacturing represents a significant share of Mississippi's overall GDP and employment.
- Real GDP in this sector has fluctuated in recent years, reflecting broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real (inflation-adjusted) quantity or output of the machinery manufacturing industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: The machinery manufacturing sector is an important component of Mississippi's economy, so this indicator provides valuable insights into industrial performance and productivity.
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 methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor the health and competitiveness of Mississippi's manufacturing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: There may be lags in data availability due to the time required for data collection and processing by statistical agencies.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Mississippi (MSMACHMANQGSP), retrieved from FRED.