Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Mississippi
Quarterly, Seasonally Adjusted
MSMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.33
Year-over-Year Change
-0.00%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted measure tracks the value of shipments from manufacturing companies in the U.S. This indicator provides insight into the health and activity of the domestic 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 Quarterly, Seasonally Adjusted series measures the dollar value of shipments from U.S. manufacturing establishments on a quarterly basis, adjusted for seasonal variations. It serves as a key gauge of manufacturing output and economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing companies and adjusted for seasonal factors by the U.S. Census Bureau.
Historical Context
Analysts and policymakers monitor this indicator to assess the strength of the manufacturing industry and broader economic trends.
Key Facts
- Shipments from U.S. manufacturing companies totaled over $5.4 trillion in 2022.
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- Quarterly manufacturing shipments have increased by 15% since the COVID-19 pandemic low in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the dollar value of shipments from U.S. manufacturing establishments on a quarterly basis, with adjustments made for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and activity of the domestic manufacturing sector, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing companies and adjusted for seasonal factors by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this indicator to assess the strength of the manufacturing industry and broader economic trends, which can inform decision-making and policy responses.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted data is released by the U.S. Census Bureau on a quarterly basis, with a typical delay of around two months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MSMNGCOENTPRQQGSP), retrieved from FRED.