Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Pennsylvania
PAMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.68
Year-over-Year Change
12.53%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Pennsylvania measures the real output of the miscellaneous manufacturing sector in the state. This trend is a key indicator of economic activity and production in Pennsylvania's diverse manufacturing base.
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 tracks changes in the real, inflation-adjusted output of the miscellaneous manufacturing industry in Pennsylvania. This metric is used by economists and policymakers to gauge the health and performance of this important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to measure real output over time.
Historical Context
Trends in Pennsylvania's miscellaneous manufacturing output provide insights into the broader economic conditions and industrial production in the state.
Key Facts
- Pennsylvania's miscellaneous manufacturing sector accounts for over 5% of the state's total GDP.
- The index uses 2012 as the base year for measuring real output changes.
- Miscellaneous manufacturing includes industries like medical equipment, office supplies, and sporting goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of Pennsylvania's miscellaneous manufacturing sector, which includes a diverse range of industries.
Q: Why is this trend relevant for users or analysts?
A: Trends in Pennsylvania's miscellaneous manufacturing output provide important insights into the health and performance of this key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to measure real output over time.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the strength of Pennsylvania's manufacturing base and make informed decisions about economic development and industrial policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Pennsylvania (PAMISCMANQGSP), retrieved from FRED.