Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in the Southeast BEA Region
Quarterly, Seasonally Adjusted Annual Rate
SESTNDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
271,775.40
Year-over-Year Change
6.74%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the seasonally adjusted annual rate of U.S. real gross state product (GSP) for the manufacturing sector on a quarterly basis.
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
Real GSP is a comprehensive measure of economic activity within a state, adjusted for inflation. The manufacturing sector GSP trend provides insights into the productivity and output of this key industry across the United States.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this trend to assess the health and trajectory of the U.S. manufacturing economy.
Key Facts
- Manufacturing accounts for 11.4% of U.S. GDP.
- Real GSP grew 2.5% in 2021 after declining in 2020.
- The manufacturing sector employs over 12 million workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted annual rate of real gross state product (GSP) for the U.S. manufacturing sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing GSP trend provides insights into the productivity and output of this crucial industry, which is a key indicator of overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the performance and trajectory of the U.S. manufacturing economy, which informs decision-making and policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two to three months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (SESTNDURMANRQGSP), retrieved from FRED.