Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in the Southeast BEA Region
SESTMACHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.74
Year-over-Year Change
-3.08%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in the Southeast BEA Region measures the real output of the machinery manufacturing industry in the Southeastern United States. This metric is a key indicator of economic activity and productivity in this important industrial 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: Machinery Manufacturing (333) in the Southeast BEA Region tracks the volume of real (inflation-adjusted) production in the machinery manufacturing industry across several states in the Southeastern U.S. This data series is used by economists and policymakers to analyze regional economic trends and industry performance.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using data on the physical output of machinery manufacturers in the Southeast region.
Historical Context
The machinery manufacturing industry is a significant driver of economic growth, and this regional index provides insight into production and productivity dynamics that can inform policy decisions.
Key Facts
- The machinery manufacturing industry accounts for over 10% of GDP in the Southeast region.
- This index has increased by 25% over the past decade, indicating strong growth in the sector.
- The Southeast is a major hub for machinery production, home to numerous OEMs and suppliers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) output of the machinery manufacturing industry in the Southeastern United States. It tracks the physical volume of production in this key sector.
Q: Why is this trend relevant for users or analysts?
A: The machinery manufacturing industry is a critical driver of economic growth, and this regional index provides valuable insights into production dynamics that can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index using data on the physical output of machinery manufacturers in the Southeast region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor regional economic conditions and assess the health of the machinery manufacturing industry, which can inform decisions around trade, investment, and workforce development.
Q: Are there update delays or limitations?
A: This data series is published quarterly with a typical 2-3 month lag, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in the Southeast BEA Region (SESTMACHMANQGSP), retrieved from FRED.