Gross Domestic Product: Manufacturing (31-33) in Minnesota
Quarterly, Seasonally Adjusted Annual Rate
MNMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,737.30
Year-over-Year Change
12.44%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MNMANNQGSP) measures the annualized change in manufacturing output, providing insights into the health of the U.S. industrial 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 quarter-over-quarter change in the total output of U.S. manufacturing industries, adjusted for seasonal variations. It is a widely followed metric used by economists and policymakers to gauge the momentum of the manufacturing economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing firms.
Historical Context
This trend is closely monitored as a signal of broader economic conditions and can inform policy decisions and market expectations.
Key Facts
- The series is reported on a quarterly basis.
- A positive value indicates growth in manufacturing output.
- The data is seasonally adjusted to account for typical production fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MNMANNQGSP) tracks the annualized change in total output across U.S. manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and momentum of the manufacturing sector, which is a crucial component of the broader U.S. economy.
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 firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator as a signal of broader economic conditions, which can inform policy decisions and market expectations.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical delay of several weeks following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MNMANNQGSP), retrieved from FRED.