Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Maine
MENDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.00
Year-over-Year Change
-7.73%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Maine measures the real output of the nondurable goods manufacturing sector in the state. This index is a key indicator of economic activity and productivity in a crucial part of Maine'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
This index tracks the real, inflation-adjusted output of industries like food manufacturing, paper manufacturing, and chemical manufacturing in Maine. It is used by economists and policymakers to assess the health and competitiveness of the state's nondurable goods production.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the relevant NAICS code industries.
Historical Context
Trends in this index inform economic and industrial policies at the state level.
Key Facts
- Maine's nondurable goods manufacturing contributed over $5 billion to the state's GDP in 2021.
- This index has grown by 8.2% over the past 5 years, indicating rising productivity.
- Food manufacturing is the largest component of Maine's nondurable goods sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Maine's nondurable goods manufacturing sector, including industries like food, paper, and chemical manufacturing.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic activity and productivity in an important part of Maine's economy, providing insights that inform economic and industrial policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the relevant NAICS code industries.
Q: How is this trend used in economic policy?
A: Trends in this index help inform state-level economic and industrial policies related to Maine's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Maine (MENDURMANQQGSP), retrieved from FRED.