Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Nebraska
NEMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,313.20
Year-over-Year Change
-4.19%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the miscellaneous manufacturing industry (NAICS code 339) in the state of Nebraska. It provides insights into the productivity and economic output 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
The Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Nebraska series tracks the volume of goods and services produced by this industry, adjusted for inflation. It is a valuable indicator of manufacturing activity and a key input for analyzing regional economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health and competitiveness of Nebraska's manufacturing base.
Key Facts
- Nebraska's miscellaneous manufacturing sector accounts for over $3 billion in annual GDP.
- This industry includes production of medical equipment, sporting goods, and other diverse products.
- Real GDP in this sector has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real gross domestic product (adjusted for inflation) of the miscellaneous manufacturing industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the productivity and economic output of a key manufacturing sector, which is important for understanding Nebraska's regional economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and market analysts to assess the health and competitiveness of Nebraska's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Nebraska (NEMISCMANRGSP), retrieved from FRED.