Gross Domestic Product: Manufacturing (31-33) in the Southeast BEA Region
SESTMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
664,210.40
Year-over-Year Change
15.18%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Manufacturing (31-33) in the Southeast BEA Region measures the economic output of the manufacturing sector within the Southeastern United States. This metric is a key indicator of regional economic health and industrial productivity.
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
This series represents the total value of goods and services produced by the manufacturing industry in the Southeast Bureau of Economic Analysis (BEA) region, which includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. Manufacturing data is a vital statistic for understanding regional economic trends and growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Policymakers and economists closely monitor this manufacturing output metric to assess the strength of the Southeastern economy and guide decisions on economic and fiscal policy.
Key Facts
- The Southeast BEA region accounts for over 20% of total U.S. manufacturing GDP.
- Manufacturing makes up nearly 15% of the Southeastern economy.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or GDP generated by the manufacturing sector within the Southeastern United States.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing output is a crucial indicator of regional economic health and industrial productivity, making this metric highly relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this manufacturing output metric to assess the strength of the Southeastern economy and guide decisions on economic and fiscal policy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the BEA, with a typical release delay of 2-3 months.
Related Trends
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Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in the Southeast BEA Region
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Personal Consumption Expenditures: Services for Southeast BEA Region
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Personal Consumption Expenditures: Services: Financial Services and Insurance for Southeast BEA Region
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Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in the Southeast BEA Region
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Citation
U.S. Federal Reserve, Gross Domestic Product: Manufacturing (31-33) in the Southeast BEA Region (SESTMANNQGSP), retrieved from FRED.