Real Gross Domestic Product: Primary Metal Manufacturing (331) in the Southeast BEA Region
SESTPRIMETMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,253.90
Year-over-Year Change
173.98%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the primary metal manufacturing industry (NAICS 331) in the Southeast Bureau of Economic Analysis (BEA) region. It provides insights into the economic performance and production levels of this critical 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: Primary Metal Manufacturing (331) in the Southeast BEA Region is a key indicator of the production and economic activity within the primary metals industry across several southeastern U.S. states. It offers a more granular view of regional manufacturing trends compared to national-level GDP data.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
Policymakers and industry analysts use this regional GDP data to assess the health and competitiveness of the primary metals manufacturing sector.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Primary metal manufacturing includes industries like iron and steel mills, aluminum production, and foundries.
- This regional GDP data is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the primary metal manufacturing industry (NAICS 331) in the Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This regional GDP data provides insights into the economic performance and production levels of the critical primary metals manufacturing sector, which is important for policymakers and industry analysts to assess.
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 GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this regional GDP data to assess the health and competitiveness of the primary metals manufacturing sector, which is an important contributor to the broader economy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, so there may be a several-month delay between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Primary Metal Manufacturing (331) in the Southeast BEA Region (SESTPRIMETMANRGSP), retrieved from FRED.