Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Montana
MTOTRANEQMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
368.56
Year-over-Year Change
774.08%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Montana measures the real output of this industry in the state. This metric is important for economists and policymakers to track the economic performance of this key 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
This index represents the real, inflation-adjusted production of other transportation equipment manufacturing in Montana, including the manufacture of aerospace products, railroad rolling stock, and ships and boats. It provides insight into the state's industrial productivity and economic trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Historical Context
Policymakers and analysts use this metric to gauge the health of Montana's manufacturing economy and inform economic decision-making.
Key Facts
- The index is benchmarked to 2012 = 100.
- Montana's other transportation equipment manufacturing makes up a small but important part of the state's economy.
- The index has shown moderate growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of other transportation equipment manufacturing in the state of Montana, including aerospace, railroad, and shipbuilding industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic performance of a key manufacturing sector in Montana, which is useful for policymakers and analysts tracking the state's industrial economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of Montana's manufacturing economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve and is subject to standard publication lags.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Montana (MTOTRANEQMANQGSP), retrieved from FRED.