Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Mississippi
MSELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.92
Year-over-Year Change
-9.60%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Mississippi measures the real output of this industry in the state over time. This metric is important for economists and policymakers to understand economic productivity and industry-level trends.
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 volume of goods produced by the electrical equipment, appliance, and component manufacturing industry in Mississippi. It is a valuable indicator of industrial activity and can provide insights into the state's economic competitiveness and the health of this key manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Historical Context
Trends in this index are monitored by economists, analysts, and policymakers to gauge the performance of Mississippi's manufacturing base and inform economic development strategies.
Key Facts
- The index uses 2012 as the base year.
- Manufacturing accounts for over 13% of Mississippi's GDP.
- The state's electrical equipment industry employs over 11,000 workers.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or production volume of the electrical equipment, appliance, and component manufacturing industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of a key manufacturing sector in Mississippi, which is important for understanding the state's overall economic activity and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators to adjust for inflation.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor this index to assess the health of Mississippi's manufacturing base and inform strategies to support and grow this important industry.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Mississippi (MSELCEQAPMANQGSP), retrieved from FRED.