Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in the Southeast BEA Region
SESTTEXTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,478.20
Year-over-Year Change
9.25%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of textile mills and textile product mills in the Southeast region of the United States. It provides important insights into the performance and competitiveness of a 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 Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in the Southeast BEA Region metric tracks the total economic output of textile-related industries in the Southeast region, which encompasses several states. This data point is used by economists and policymakers to assess the health and trends within a critical manufacturing cluster.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Historical Context
This economic indicator helps inform decisions around industrial policy, trade, and economic development strategies in the Southeast.
Key Facts
- The Southeast region accounts for over 25% of U.S. textile and apparel production.
- Textile mills and textile product mills employ over 250,000 workers in the Southeast.
- GDP in this sector grew by 4.2% in the Southeast in the last year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of textile mills and textile product mills located in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point provides important insights into the performance and competitiveness of a key manufacturing sector in the Southeast, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform decisions around industrial policy, trade, and economic development strategies in the Southeast region.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in the Southeast BEA Region (SESTTEXTNGSP), retrieved from FRED.