Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in North Carolina
NCFABRMETRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,462.60
Year-over-Year Change
-1.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in North Carolina. It provides insights into the economic output and performance of this key manufacturing sector within the state.
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: Fabricated Metal Product Manufacturing (332) in North Carolina series tracks the inflation-adjusted economic production of the fabricated metal products industry in the state. This metric is used by economists and policymakers to analyze industrial activity and growth trends.
Methodology
The data is calculated based on national GDP figures and state-level employment and wage data.
Historical Context
Monitoring this trend helps inform decisions related to economic development, workforce planning, and industrial policy in North Carolina.
Key Facts
- North Carolina is a top state for fabricated metal manufacturing.
- This industry employs over 70,000 workers in the state.
- Fabricated metal products contribute over $10 billion annually to North Carolina's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Tracking the real GDP of this key manufacturing sector provides insights into industrial activity and growth trends in the state, which is valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on national GDP figures and state-level employment and wage data.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps inform decisions related to economic development, workforce planning, and industrial policy in North Carolina.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a lag time of several months between the reference period and publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in North Carolina (NCFABRMETRGSP), retrieved from FRED.