Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Arkansas
ARMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.83
Year-over-Year Change
-4.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Arkansas measures the real output of the miscellaneous manufacturing industry in the state. This metric is important for economists and policymakers to assess regional economic performance and productivity.
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
This index provides a measure of the real, inflation-adjusted output of the miscellaneous manufacturing sector in Arkansas. It is used to track changes in production levels and analyze the broader economic conditions within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
Policymakers and analysts monitor this index to better understand regional economic trends and support informed decision-making.
Key Facts
- The index is referenced to 2012 as the base year.
- Miscellaneous manufacturing includes diverse industries like medical equipment, office supplies, and sporting goods.
- The index can signal changes in productivity and competitiveness within Arkansas's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the miscellaneous manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional economic performance and productivity trends within Arkansas's manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to better understand regional economic conditions and support informed decision-making.
Q: Are there update delays or limitations?
A: The index is updated regularly by the federal statistical agencies, but there may be some lags in data availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Arkansas (ARMISCMANQGSP), retrieved from FRED.