Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Mississippi
MSDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,835.90
Year-over-Year Change
-2.87%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Mississippi measures the inflation-adjusted economic output of the durable goods manufacturing sector in the state. It is a key indicator of the health and productivity of this important component of Mississippi'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 series represents the real (inflation-adjusted) value added by durable goods manufacturers in Mississippi, including industries such as transportation equipment, machinery, and furniture production. It is widely used by economists and policymakers to assess manufacturing activity and competitiveness within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from industry surveys and other economic indicators.
Historical Context
Trends in this metric can inform state-level economic and industrial policies aimed at supporting the durable goods manufacturing sector.
Key Facts
- Mississippi's durable goods manufacturing GDP was $9.7 billion in 2021.
- This sector accounts for over 10% of the state's total economic output.
- Durable goods production has grown by 25% in Mississippi since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) gross domestic product generated by durable goods manufacturing industries in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: Trends in durable goods manufacturing output provide important insights into the health and competitiveness of a key sector of Mississippi's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform state-level economic and industrial policies aimed at supporting the durable goods manufacturing sector in Mississippi.
Q: Are there update delays or limitations?
A: This data is typically published on a quarterly basis with a lag of several months.
Related Trends
All Employees: Retail Trade: General Merchandise Retailers in Mississippi
SMU28000004245500001
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Mississippi
MSGOVQQGSP
Coefficient for Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Mississippi
EMISSCO2CHLACBMSA
Coefficient for Residential Carbon Dioxide Emissions, Residential for Mississippi
EMISSCO2CCLRCBMSA
Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Mississippi
SMU28000006500000003
All Employees: Utilities in Mississippi
SMU28000004322000001A
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Mississippi (MSDURMANRQGSP), retrieved from FRED.