Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Arkansas
ARNMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.07
Year-over-Year Change
-16.30%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Arkansas measures the real output of the nonmetallic mineral product manufacturing industry in the state. This metric is a key indicator of economic activity and productivity in this important 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 Chain-Type Quantity Index tracks the inflation-adjusted gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry in Arkansas. This measure allows economists and policymakers to analyze trends in the productivity and competitiveness of this industry over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using production and price indexes.
Historical Context
Policymakers and market analysts use this metric to assess the health and outlook of Arkansas' manufacturing economy.
Key Facts
- The nonmetallic mineral product manufacturing industry accounts for over 6% of Arkansas' total manufacturing GDP.
- The Chain-Type Quantity Index uses 2012 as the base year for real GDP calculations.
- This metric is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Arkansas measures the real, inflation-adjusted output of the nonmetallic mineral product manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of productivity, competitiveness, and economic health for a key manufacturing sector in Arkansas.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using production and price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the outlook and competitiveness of Arkansas' manufacturing economy.
Q: Are there update delays or limitations?
A: This metric is updated quarterly by the U.S. Bureau of Economic Analysis with minimal delays.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Arkansas (ARNMMPMANQGSP), retrieved from FRED.