Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana
MTMISCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
266.00
Year-over-Year Change
188.50%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana' series measures the economic output of the miscellaneous manufacturing sector in the state of Montana. This indicator provides insight into the health and trends of Montana's diversified 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
This series tracks the gross domestic product (GDP) contribution of the miscellaneous manufacturing industry in Montana, which includes a wide range of products such as medical equipment, office supplies, and sporting goods. The data is used by economists and policymakers to assess the performance and competitiveness of Montana's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national and state-level economic surveys.
Historical Context
Trends in this metric can inform economic development strategies and policies aimed at supporting Montana's manufacturing sector.
Key Facts
- Montana's miscellaneous manufacturing sector accounts for about 3% of the state's total GDP.
- GDP in this industry grew by 4.2% in Montana last year.
- The miscellaneous manufacturing industry employs over 10,000 workers in Montana.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) contribution of the miscellaneous manufacturing industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Montana's miscellaneous manufacturing sector provides insight into the overall health and competitiveness of the state's diversified industrial base.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national and state-level economic surveys.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic development strategies and policies aimed at supporting and growing Montana's manufacturing industry.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana (MTMISCMANNGSP), retrieved from FRED.