Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Indiana
INMVEHMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,976.10
Year-over-Year Change
65.55%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the motor vehicles, bodies and trailers, and parts manufacturing industry in Indiana. It provides insights into the performance and productivity of a key manufacturing sector in the state.
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 Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Indiana trend tracks the inflation-adjusted economic output of this manufacturing subsector. It serves as an important indicator of industrial activity, competitiveness, and overall economic health in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to gauge the strength of Indiana's automotive manufacturing industry and its broader economic implications.
Key Facts
- Indiana is a major hub for automotive manufacturing in the U.S.
- The motor vehicles industry accounts for a significant portion of the state's GDP.
- Real GDP in this sector has fluctuated with changes in consumer demand and industry competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product for the motor vehicles, bodies and trailers, and parts manufacturing industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and productivity of a key manufacturing sector in Indiana, which has important implications for the state's overall economic health and competitiveness.
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 national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this metric to gauge the strength of Indiana's automotive manufacturing industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and potential revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Indiana (INMVEHMANRGSP), retrieved from FRED.