Chain-Type Quantity Index for Real GDP: Construction (23) in Minnesota
Annual, Not Seasonally Adjusted
MNCONSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.84
Year-over-Year Change
35.90%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the value of manufacturing output in the United States. It is a key indicator of the overall health and productivity of the U.S. 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 economic indicator tracks the total inflation-adjusted value of manufactured goods produced in the U.S. on an annual basis. It is used by economists and policymakers to assess the strength and competitiveness of American manufacturing over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
The manufacturing production index is widely referenced in economic policy discussions and market analysis related to the industrial sector.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer after China.
- Manufacturing productivity has increased by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total inflation-adjusted value of manufacturing output in the United States on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall health and competitiveness of the U.S. manufacturing sector, which is a critical driver of economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: The manufacturing production index is widely referenced in economic policy discussions and market analysis related to the industrial sector and its impact on the broader U.S. economy.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted data is published with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Minnesota
MNMOTPICSNDNGSP
All Employees: Government: State Government Excluding Education in Minnesota
SMU27000009092200001SA
Personal Consumption Expenditures: Goods: Durable Goods for Minnesota
MNPCEDURG
Chain-Type Quantity Index for Real GDP: Federal Civilian in Minnesota
MNGOVFEDCIVQGSP
State Government Tax Collections, Hunting and Fishing Licenses in Minnesota
MNHUNTLICTAX
Civilian Labor Force in Minnesota
MNLF
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MNCONSTQGSP), retrieved from FRED.