Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Mississippi
Quarterly, Seasonally Adjusted Annual Rate
MSNDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,542.90
Year-over-Year Change
2.84%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MSNDURMANNQGSP) measures the seasonally adjusted, annualized production of non-durable consumer goods in the United States. It serves as a key indicator of economic health and consumer demand.
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 Quarterly, Seasonally Adjusted Annual Rate (MSNDURMANNQGSP) tracks the production of non-durable consumer goods such as food, clothing, and household items. It is an important economic indicator used by policymakers and analysts to gauge the overall strength of the consumer sector and the pace of economic growth.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
This trend is closely monitored by the Federal Reserve, economists, and market participants to inform monetary policy decisions and investment strategies.
Key Facts
- The MSNDURMANNQGSP reached a record high of $5.89 trillion in Q4 2021.
- Non-durable goods account for approximately 60% of total consumer spending in the U.S.
- The MSNDURMANNQGSP experienced a sharp decline during the COVID-19 pandemic but has since rebounded.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MSNDURMANNQGSP) measures the seasonally adjusted, annualized production of non-durable consumer goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer demand and economic health, used by policymakers, economists, and market participants to inform decision-making.
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 establishments.
Q: How is this trend used in economic policy?
A: The MSNDURMANNQGSP is closely monitored by the Federal Reserve to help inform monetary policy decisions and by economists and market participants to analyze the state of the consumer economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve, with a typical delay of 1-2 months after the end of the reference period.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Mississippi
MSPCEPCHCE
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Mississippi
MSDURMANRQGSP
Value of Exports to Greece from Mississippi
MSGRCA052SCEN
Chain-Type Quantity Index for Real GDP: Farms (111-112) in Mississippi
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Chain-Type Quantity Index for Real GDP: State and Local in Mississippi
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Transportation Carbon Dioxide Emissions, Motor Gasoline for Mississippi
EMISSCO2VMGACBMSA
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MSNDURMANNQGSP), retrieved from FRED.