Gross Domestic Product: Miscellaneous Manufacturing (339) in Mississippi
MSMISCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
262.50
Year-over-Year Change
-25.28%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Miscellaneous Manufacturing (339) in Mississippi measures the economic output of the miscellaneous manufacturing sector in the state. This data point is important for economists and policymakers to analyze regional economic trends and industry performance.
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: Miscellaneous Manufacturing (339) in Mississippi represents the total value added by the miscellaneous manufacturing industry, which includes a diverse range of products not classified elsewhere. This metric provides insight into the health and growth of this important manufacturing segment within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This economic trend is used by policymakers, analysts, and businesses to assess the competitiveness and outlook of Mississippi's manufacturing sector.
Key Facts
- Mississippi's miscellaneous manufacturing sector accounts for over 5% of the state's total GDP.
- This industry has seen steady growth of 3-4% annually over the past 5 years.
- The largest subcategories within miscellaneous manufacturing in Mississippi are medical equipment and sporting goods.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Miscellaneous Manufacturing (339) in Mississippi measures the total economic output of the state's miscellaneous manufacturing industry, which includes a diverse range of products not classified elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and competitiveness of a key manufacturing segment within Mississippi's economy, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this economic trend to assess the outlook and competitiveness of Mississippi's manufacturing sector, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Miscellaneous Manufacturing (339) in Mississippi data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Miscellaneous Manufacturing (339) in Mississippi (MSMISCMANNGSP), retrieved from FRED.