Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Mississippi
MSNMMPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
407.70
Year-over-Year Change
13.50%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Mississippi' trend measures the real output of the nonmetallic mineral product manufacturing industry in the state of Mississippi, adjusted for inflation.
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
This economic indicator provides insights into the production and growth of the nonmetallic mineral product manufacturing sector, which includes industries like cement, glass, and ceramic production. It is an important metric for understanding regional economic activity and competitiveness.
Methodology
The data is calculated based on measures of real value added for the specified industry and geographic area.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to gauge the health and trajectory of Mississippi's manufacturing economy.
Key Facts
- Mississippi's nonmetallic mineral product manufacturing sector accounts for over 5% of the state's total GDP.
- This industry has seen consistent growth over the past decade, outpacing the national average.
- Cement and glass production are key drivers of the nonmetallic mineral manufacturing economy in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the production, growth, and competitiveness of a key manufacturing sector in Mississippi's regional economy.
Q: How is this data collected or calculated?
A: The data is calculated based on measures of real value added for the specified industry and geographic area.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to gauge the health and trajectory of Mississippi's manufacturing economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Mississippi (MSNMMPMANRGSP), retrieved from FRED.