Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in North Carolina
NCMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.31
Year-over-Year Change
-28.22%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in North Carolina measures the real output of the miscellaneous manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and trends of North Carolina's 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 tracks the real, inflation-adjusted output of miscellaneous manufacturing industries in North Carolina, which includes a diverse range of products like medical equipment, office supplies, and sporting goods. It provides a comprehensive measure of production activity in this important part of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using proprietary methods to adjust for price changes over time.
Historical Context
Policymakers and analysts use this index to understand the performance and competitiveness of North Carolina's manufacturing base.
Key Facts
- North Carolina is a leading manufacturing state, contributing over $100 billion to the national GDP.
- Miscellaneous manufacturing accounts for around 5% of the state's total manufacturing output.
- This index has grown at an average annual rate of 2.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the miscellaneous manufacturing industry in North Carolina, which includes a diverse range of products like medical equipment, office supplies, and sporting goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive measure of production activity in an important part of North Carolina's economy, allowing policymakers and analysts to assess the health and competitiveness of the state's manufacturing base.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using proprietary methods to adjust for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand the performance and competitiveness of North Carolina's manufacturing sector, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The index is updated quarterly with a lag of several months, so there may be delays in accessing the most recent data.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for North Carolina
NCPCEPCHCE
Coefficient for Commercial Carbon Dioxide Emissions, Industrial Coking for North Carolina
EMISSCO2CCLCCBNCA
Estimate of Related Children Age 5-17 in Families in Poverty for North Carolina
PE5T17NC37000A647NCEN
Chain-Type Quantity Index for Real GDP: All Industry Total in North Carolina
NCQGSP
All Employees: Total Nonfarm in North Carolina
NCNA
Real Gross Domestic Product: Private Goods-Producing Industries in North Carolina
NCPRIGOODPRORGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in North Carolina (NCMISCMANQGSP), retrieved from FRED.