Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Arkansas
ARPRIMETMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
315.06
Year-over-Year Change
378.42%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Arkansas measures the volume of economic output from this key industrial sector in the state. As a widely tracked metric, it provides important insights into the health and productivity of Arkansas' manufacturing base.
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 tracks changes in the real, inflation-adjusted output of primary metal manufacturing in Arkansas. It is used by economists and policymakers to gauge the performance and competitiveness of this vital component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes that adjust for price changes.
Historical Context
Trends in this index help inform economic and industrial policy decisions at the state and national level.
Key Facts
- Arkansas is a major producer of primary metals.
- Manufacturing accounts for over 12% of the state's GDP.
- The primary metals industry employs over 10,000 workers in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the real, inflation-adjusted output of the primary metal manufacturing industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: As a key indicator of manufacturing performance, this metric provides important insights into the health and competitiveness of a vital component of Arkansas' economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes that adjust for price changes.
Q: How is this trend used in economic policy?
A: Trends in this index help inform economic and industrial policy decisions at the state and national level.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, so there may be delays in observing the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Arkansas (ARPRIMETMANQGSP), retrieved from FRED.