Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Alabama
Quarterly, Seasonally Adjusted
ALMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.01
Year-over-Year Change
22.31%
Date Range
1/1/2005 - 1/1/2025
Summary
This quarterly, seasonally adjusted series measures the gross state product (GSP) of the manufacturing sector, providing insights into the economic performance of U.S. manufacturing at the state level.
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 manufacturing GSP metric captures the total economic output of the manufacturing industry within a given state, serving as a key indicator of regional manufacturing activity and competitiveness. Economists and policymakers closely monitor this data to assess the health and trajectory of the U.S. manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This manufacturing GSP trend is widely used to inform economic and industrial policies at the state and national levels.
Key Facts
- Manufacturing GSP accounts for approximately 11% of total U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing GSP varies significantly across U.S. states and regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross state product (GSP) of the manufacturing sector, providing insights into the economic performance of U.S. manufacturing at the state level.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing GSP data is crucial for economists and policymakers to assess the health and competitiveness of the U.S. manufacturing sector, informing economic and industrial policies at the state and national levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This manufacturing GSP trend is widely used to inform economic and industrial policies at the state and national levels, as it provides valuable insights into regional manufacturing activity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of several months. Users should be aware of potential revisions and limitations in the underlying survey and modeling methods.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (ALMNGCOENTPRQQGSP), retrieved from FRED.