Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in South Carolina
SCMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.72
Year-over-Year Change
43.74%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in South Carolina measures the inflation-adjusted production output of the state's miscellaneous manufacturing sector. This data point is a key indicator of economic activity and growth in this important industry.
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: Miscellaneous Manufacturing (339) in South Carolina tracks the real, inflation-adjusted production volume of the state's diverse manufacturing activities outside of the major industry groups. This index provides a comprehensive measure of the overall health and trajectory of this segment of the South Carolina economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and analysts closely monitor this index to assess the broader manufacturing environment and its implications for South Carolina's economic performance.
Key Facts
- South Carolina's miscellaneous manufacturing sector accounts for over 5% of the state's total economic output.
- The Chain-Type Quantity Index has risen by an average of 2.3% annually over the past decade.
- Miscellaneous manufacturing includes industries like medical equipment, office furniture, and sporting goods.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in South Carolina measures the inflation-adjusted production output of the state's diverse manufacturing activities outside the major industry groups.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive measure of the overall health and trajectory of an important segment of South Carolina's economy, offering insights into manufacturing activity and growth.
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 national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to assess the broader manufacturing environment and its implications for South Carolina's economic performance.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal delays. However, as with any economic indicator, there may be limitations in capturing the full complexity of the manufacturing sector.
Related Trends
Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in South Carolina
SCMISCPRONGSP
Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in South Carolina
SCFININSREALQGSP
Civilian Labor Force in South Carolina
LAUST450000000000006A
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in South Carolina
SCARTENTRECQGSP
Average Weekly Earnings of All Employees: Professional and Business Services in South Carolina
SMU45000006000000011A
All Employees: Government: Federal Government in South Carolina
SMS45000009091000001
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in South Carolina (SCMISCMANQGSP), retrieved from FRED.