Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Indiana
Annual, Not Seasonally Adjusted
INMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.58
Year-over-Year Change
39.37%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the value of gross state product (GSP) for the manufacturing industry in the United States. This key economic indicator provides insights into the overall health and productivity of the 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
Gross state product (GSP) is a measure of the total economic output within a given state or region. The 'Annual, Not Seasonally Adjusted' manufacturing GSP trend tracks this important statistic on a yearly basis without adjusting for seasonal factors, providing a clear picture of year-over-year changes in manufacturing activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established economic accounting principles.
Historical Context
Policymakers and economists closely monitor manufacturing GSP to gauge the strength of the industrial economy and inform economic and fiscal policies.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer by output.
- Manufacturing GSP has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total gross state product (GSP) of the manufacturing industry in the United States on a yearly basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall health and productivity of the U.S. manufacturing sector, which is a critical driver of economic growth and a key focus for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established economic accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor manufacturing GSP to gauge the strength of the industrial economy and inform economic and fiscal policies, such as trade, investment, and workforce development initiatives.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' manufacturing GSP data is published with a slight delay, typically 6-12 months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (INMANQGSP), retrieved from FRED.