Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Massachusetts
MAFABRMETQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.59
Year-over-Year Change
-38.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Massachusetts measures the real output of the fabricated metal product manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and productivity of this key 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
This index tracks the real, inflation-adjusted output of fabricated metal product manufacturers in Massachusetts. It provides a detailed look at a critical component of the state's manufacturing economy and industrial output.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Historical Context
This metric is used by economists, industry analysts, and policymakers to monitor trends in Massachusetts' manufacturing sector and inform economic policy decisions.
Key Facts
- The index is rebased to 2012 = 100.
- Massachusetts is a major hub for fabricated metal product manufacturing.
- This industry accounts for over 10% of the state's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the fabricated metal product manufacturing industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and productivity of a key manufacturing sector in Massachusetts, which is relevant for economists, industry analysts, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to monitor trends in Massachusetts' manufacturing sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Massachusetts (MAFABRMETQGSP), retrieved from FRED.