Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana
MTMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
235.90
Year-over-Year Change
141.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana measures the economic output of the miscellaneous manufacturing sector in the state. This trend is a key indicator of industrial activity and economic growth in Montana.
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 Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana represents the inflation-adjusted value-added output of the miscellaneous manufacturing industry, which includes a diverse range of products like medical equipment, sporting goods, toys, and office supplies. This metric provides insight into the health and productivity of an important segment of Montana's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including establishment surveys and economic census information.
Historical Context
Policymakers and analysts closely monitor this trend to assess the state's industrial performance and guide economic development strategies.
Key Facts
- Montana's miscellaneous manufacturing sector accounts for over 5% of the state's total GDP.
- This industry has experienced average annual growth of 2.5% over the past decade.
- The largest segments within miscellaneous manufacturing in Montana are medical equipment and sporting goods.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana measures the inflation-adjusted economic output of the state's miscellaneous manufacturing industry, which includes a diverse range of products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of a key sector of Montana's economy, helping policymakers and analysts assess industrial activity and guide economic development strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using establishment surveys and economic census information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to evaluate the state's industrial performance and inform economic development initiatives in Montana.
Q: Are there update delays or limitations?
A: The data is typically published with a 3-month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Montana (MTMISCMANRGSP), retrieved from FRED.