Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the Southeast BEA Region
SESTELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,114.00
Year-over-Year Change
-6.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the electrical equipment, appliance, and component manufacturing industry (NAICS 335) in the Southeast Bureau of Economic Analysis (BEA) region. It provides insight into the production 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: Electrical Equipment, Appliance, and Component Manufacturing (335) in the Southeast BEA Region is an important indicator of economic activity and productivity in the Southeast United States. It tracks the inflation-adjusted output of this critical manufacturing industry, which produces a wide range of electrical products used across the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and pricing information.
Historical Context
This metric is closely watched by policymakers, industry analysts, and investors to gauge the health and competitiveness of the Southeast's manufacturing base.
Key Facts
- The Southeast is a major hub for electrical equipment manufacturing in the U.S.
- This industry accounts for over 10% of the region's total manufacturing GDP.
- Output has grown by 25% in the past decade, outpacing the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the electrical equipment, appliance, and component manufacturing industry (NAICS 335) in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the productivity and economic performance of a critical manufacturing sector in the Southeast, which has important implications for the region's overall economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and pricing information.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this metric to gauge the strength of the Southeast's manufacturing base and inform decisions around economic development, trade, and competitiveness policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in the Southeast BEA Region (SESTELCEQAPMANRGSP), retrieved from FRED.