Chain-Type Quantity Index for Real GDP: Information (51) in Maine
Quarterly, Seasonally Adjusted
MEINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.51
Year-over-Year Change
10.15%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the gross state product (GSP) for the U.S. manufacturing sector on a quarterly basis. This indicator provides important insights into the health and performance of the manufacturing industry, which is a crucial driver of economic growth.
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 Quarterly, Seasonally Adjusted series tracks the total economic output, or gross state product (GSP), generated by the U.S. manufacturing sector on a quarterly basis. This metric is used by economists and policymakers to monitor the strength and trends within the manufacturing industry, which plays a significant role in the overall economy.
Methodology
The data for this series is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national income and product accounting methods.
Historical Context
Trends in manufacturing GSP are closely watched by economists, investors, and policymakers as an indicator of the broader economic conditions and the performance of a key sector.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Quarterly manufacturing GSP data is released with a 3-month lag.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total gross state product (GSP) generated by the U.S. manufacturing sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing GSP provide important insights into the health and performance of a key sector of the economy, which is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data for this series is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Quarterly manufacturing GSP data is used by economists and policymakers to monitor the strength of the manufacturing industry and its contribution to overall economic growth, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted manufacturing GSP data is released by the BEA with a 3-month lag, so the most recent quarter's information may not be immediately available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MEINFOQQGSP), retrieved from FRED.