Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Hawaii
HIPRIMETMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
637.64
Year-over-Year Change
3176.65%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Hawaii tracks the output of the primary metal manufacturing industry in the state. This metric provides insight into a key component of Hawaii'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 Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Hawaii measures the real, inflation-adjusted output of the primary metal manufacturing industry in the state. This index is used by economists and policymakers to analyze trends in industrial production and economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing firms.
Historical Context
Trends in this index help inform economic and industrial policies in Hawaii.
Key Facts
- The index is measured with a base year of 2012 = 100.
- Primary metal manufacturing accounts for a small but important part of Hawaii's economy.
- The index can be used to track the competitiveness of Hawaii's industrial sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Hawaii measures the real, inflation-adjusted output of the primary metal manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into a key component of Hawaii's economy and can be used to analyze trends in industrial production and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing firms.
Q: How is this trend used in economic policy?
A: Trends in this index help inform economic and industrial policies in Hawaii.
Q: Are there update delays or limitations?
A: The index is published quarterly with a short delay, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Hawaii (HIPRIMETMANQGSP), retrieved from FRED.