Gross Domestic Product: Printing and Related Support Activities (323) in Massachusetts
MAPRNTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,149.00
Year-over-Year Change
-14.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) of the printing and related support activities industry in Massachusetts. It provides insights into the productivity and performance of this key manufacturing sector within the state'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 GDP for printing and related support activities (NAICS 323) in Massachusetts is a widely tracked economic indicator that reflects the overall output and contribution of this industry to the state's economy. It is used by economists, policymakers, and businesses to analyze industrial trends and gauge the health of the manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP by industry accounts.
Historical Context
This trend is relevant for understanding the competitiveness and market dynamics of Massachusetts' printing and publishing industries.
Key Facts
- Massachusetts is a major hub for the printing and publishing industry.
- The GDP for this sector has seen steady growth in recent years.
- Printing and related support activities account for a significant portion of the state's manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the printing and related support activities industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and performance of a key manufacturing sector within Massachusetts' economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP by industry accounts.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the competitiveness and market dynamics of Massachusetts' printing and publishing industries, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and update delays typical of economic statistics.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Printing and Related Support Activities (323) in Massachusetts (MAPRNTNGSP), retrieved from FRED.