Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Minnesota
MNPRNTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.06
Year-over-Year Change
-15.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Minnesota measures the real output of the printing industry in the state. This indicator provides insights into the economic performance and productivity trends of a key 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
The Chain-Type Quantity Index tracks the real, inflation-adjusted output of the printing and related support activities industry in Minnesota. It is a valuable metric for analyzing the state's economic growth, competitiveness, and structural changes within the manufacturing sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes that adjust for price changes.
Historical Context
This index is used by policymakers, economists, and industry analysts to assess the health and competitive position of Minnesota's printing industry.
Key Facts
- The printing industry is a significant employer in Minnesota.
- This index tracks real output, not just nominal sales.
- Trends in this index reflect productivity and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Minnesota measures the real, inflation-adjusted output of the printing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the economic performance and productivity trends of a key manufacturing sector in Minnesota, which is important for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes that adjust for price changes.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, economists, and industry analysts to assess the health and competitive position of Minnesota's printing industry, which informs economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision policies of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Minnesota (MNPRNTQGSP), retrieved from FRED.