Real Gross Domestic Product: Manufacturing (31-33) in Massachusetts
MAMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,230.20
Year-over-Year Change
-1.91%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Manufacturing (31-33) in Massachusetts measures the economic output of the manufacturing sector in the state. This key indicator provides insights into the health and performance of Massachusetts' manufacturing industry.
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 series tracks the real, inflation-adjusted value added by the manufacturing sector in Massachusetts. It is an important barometer of the state's industrial activity and productivity, which can inform economic policymaking and business investment decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and statistical models.
Historical Context
Economists and policymakers monitor this metric to assess the strength of Massachusetts' manufacturing base and its contribution to the state's overall economic growth.
Key Facts
- Manufacturing accounts for over 10% of Massachusetts' GDP.
- The state's manufacturing output has grown steadily in recent years.
- The COVID-19 pandemic temporarily disrupted Massachusetts' manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value added by the manufacturing sector in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of Massachusetts' manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and statistical models.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the strength of Massachusetts' manufacturing base and its contribution to the state's overall economic growth.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Massachusetts (MAMANRQGSP), retrieved from FRED.