Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Mississippi
MSFOODBEVTOBMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.27
Year-over-Year Change
30.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Mississippi measures the real output of the food, beverage, and tobacco manufacturing industries in the state. This metric is crucial for analyzing the economic performance of these key sectors.
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 provides a comprehensive measure of the quantity output of food, beverage, and tobacco manufacturing in Mississippi, adjusting for price changes over time. It is a valuable tool for economists and policymakers to assess the productivity and growth trends in these industries within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Historical Context
This index informs economic and policy decisions related to the food, beverage, and tobacco manufacturing industries in Mississippi.
Key Facts
- The index is based on 2012 as the reference year.
- Food and beverage manufacturing accounts for over 10% of Mississippi's GDP.
- Tobacco product manufacturing makes up a smaller but still significant portion of the state's industrial output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the food, beverage, and tobacco manufacturing industries in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of the productivity and economic performance of these key manufacturing sectors in Mississippi, which are important contributors to the state's overall economic output.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This index informs economic and policy decisions related to the food, beverage, and tobacco manufacturing industries in Mississippi, as it provides insights into their productivity and growth trends.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some delays in publication. Users should check the latest release date when referencing the index.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Mississippi (MSFOODBEVTOBMANQGSP), retrieved from FRED.