Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Wisconsin
WINDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,359.70
Year-over-Year Change
3.13%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic indicator measures the real gross domestic product (GDP) of the nondurable goods manufacturing sector in Wisconsin. It provides insights into the health and productivity of a key component of the state's economy.
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: Nondurable Goods Manufacturing (311-316, 322-326) in Wisconsin metric tracks the inflation-adjusted output of industries such as food, beverage, textile, apparel, paper, and chemical manufacturing. It is an important barometer of Wisconsin's industrial performance and can inform policymakers and businesses.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
This trend is closely monitored by state economic development agencies, industry groups, and investors to assess Wisconsin's manufacturing competitiveness.
Key Facts
- Wisconsin is a top U.S. manufacturing state.
- Nondurable goods account for over 40% of the state's manufacturing GDP.
- This metric has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) gross domestic product of the nondurable goods manufacturing sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and productivity of a key component of Wisconsin's economy, informing policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by state economic development agencies, industry groups, and investors to assess Wisconsin's manufacturing competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Wisconsin (WINDURMANRQGSP), retrieved from FRED.