Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Nebraska
NENMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.04
Year-over-Year Change
68.57%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Nebraska measures the inflation-adjusted output of this specific manufacturing sector in the state. This provides valuable insights into the health and productivity of Nebraska's economy.
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 volume of goods produced by nonmetallic mineral product manufacturers in Nebraska, which includes industries like cement, glass, and pottery production. It is a key indicator of economic activity and competitiveness within this important manufacturing segment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price indexes.
Historical Context
Policymakers and economists use this index to monitor trends in Nebraska's manufacturing base and support evidence-based economic development strategies.
Key Facts
- Nebraska is a top producer of cement, glass, and other nonmetallic mineral products.
- This index has shown steady growth in the state's nonmetallic mineral manufacturing sector.
- Nonmetallic mineral manufacturing accounts for over 10% of Nebraska's total manufacturing GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of Nebraska's nonmetallic mineral product manufacturing sector, which includes industries like cement, glass, and pottery production.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the health and productivity of an important manufacturing segment in Nebraska's economy, which is crucial for policymakers and economists monitoring economic trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor trends in Nebraska's manufacturing base and support evidence-based economic development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with typical update lags of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Nebraska (NENMMPMANQGSP), retrieved from FRED.