Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Mississippi
MSMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.78
Year-over-Year Change
-37.33%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Mississippi measures the output of the miscellaneous manufacturing sector in the state. This metric is a key indicator of economic activity and productivity in Mississippi's manufacturing 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 is a chain-weighted measure of real GDP, which adjusts for inflation to provide a more accurate representation of economic growth. The Miscellaneous Manufacturing (339) sector encompasses a diverse range of products, from medical equipment to sporting goods, providing valuable insight into the broader manufacturing landscape in Mississippi.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
This index is widely used by economists, policymakers, and businesses to analyze trends in Mississippi's manufacturing sector and its contribution to the state's overall economic performance.
Key Facts
- The Miscellaneous Manufacturing (339) sector accounts for over 10% of Mississippi's manufacturing GDP.
- This index has shown steady growth in recent years, indicating a strengthening of the state's manufacturing industry.
- Mississippi's miscellaneous manufacturing sector is a significant employer, providing jobs for thousands of residents.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Mississippi measures the output and productivity of the miscellaneous manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and contribution of Mississippi's manufacturing industry, which is a crucial component of the state's overall economic activity.
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 statistical methods.
Q: How is this trend used in economic policy?
A: This index is widely used by economists, policymakers, and businesses to analyze trends in Mississippi's manufacturing sector and its impact on the state's economic performance, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Mississippi is updated regularly by the U.S. Federal Reserve, but there may be some delays in data availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Mississippi (MSMISCMANQGSP), retrieved from FRED.