Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Mississippi
MSNMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.75
Year-over-Year Change
13.53%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Mississippi measures the real output of the nonmetallic mineral product manufacturing industry in the state. This metric is crucial for economists and policymakers to assess the health and productivity of this key 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
This index tracks the real, inflation-adjusted production volume of nonmetallic mineral products, such as glass, cement, and ceramics, manufactured in Mississippi. It provides a valuable gauge of economic activity and industrial performance within this important industry.
Methodology
The data is calculated based on survey responses from businesses in the nonmetallic mineral product manufacturing sector.
Historical Context
This index helps inform economic and policy decisions related to the manufacturing and construction industries in Mississippi.
Key Facts
- The index uses 2012 as the base year.
- Nonmetallic mineral products account for a significant portion of Mississippi's manufacturing output.
- This industry is closely tied to construction activity in the state.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the nonmetallic mineral product manufacturing industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the productivity and performance of a key manufacturing sector in the state, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on survey responses from businesses in the nonmetallic mineral product manufacturing industry.
Q: How is this trend used in economic policy?
A: This index helps policymakers and analysts assess the health and outlook of the manufacturing and construction industries in Mississippi.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Mississippi (MSNMMPMANQGSP), retrieved from FRED.