Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Mississippi
MSMVEHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.19
Year-over-Year Change
60.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the motor vehicles, bodies and trailers, and parts manufacturing industry in Mississippi. It provides insights into the state's manufacturing activity and economic output.
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 for real GDP in this industry reflects the inflation-adjusted value of goods produced, which is a key indicator of economic performance. Analysts use this data to assess manufacturing sector health and production trends in Mississippi.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Historical Context
This index is relevant for policymakers, economists, and industry analysts seeking to understand Mississippi's economic conditions and growth drivers.
Key Facts
- The index has a base year of 2012.
- Manufacturing accounts for over 13% of Mississippi's GDP.
- The state's auto industry employs over 25,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the motor vehicles, bodies and trailers, and parts manufacturing industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the performance and economic output of Mississippi's manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this index to assess Mississippi's economic conditions and growth drivers, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, but there may be some lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Mississippi (MSMVEHMANQGSP), retrieved from FRED.