Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Oregon
ORNMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.11
Year-over-Year Change
-22.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the nonmetallic mineral product manufacturing industry in Oregon. It provides insights into the production and output levels of this important 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 chain-type quantity index for real GDP in the nonmetallic mineral product manufacturing industry in Oregon tracks the volume of economic activity and output in this segment of the state's manufacturing base. It is a key indicator used by economists and policymakers to assess the health and performance of this critical industry.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using production data and other economic indicators.
Historical Context
The nonmetallic mineral product manufacturing industry plays a significant role in Oregon's economy, and this trend is closely monitored by state and federal agencies for policy and market analysis purposes.
Key Facts
- Oregon's nonmetallic mineral product manufacturing industry accounts for over 5% of the state's GDP.
- This index has shown steady growth over the past decade, reflecting the industry's resilience.
- The index is a leading indicator of broader economic trends in Oregon's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the nonmetallic mineral product manufacturing industry in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the production and output levels of an important manufacturing industry in Oregon, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using production data and other economic indicators.
Q: How is this trend used in economic policy?
A: The nonmetallic mineral product manufacturing industry is closely monitored by state and federal agencies, and this trend is used for policy and market analysis purposes.
Q: Are there update delays or limitations?
A: The data for this trend is updated regularly by the U.S. Federal Reserve, with minimal delays, providing timely insights into the industry's performance.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Oregon (ORNMMPMANQGSP), retrieved from FRED.