Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Montana
MTELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.41
Year-over-Year Change
-24.11%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the output of the Electrical Equipment, Appliance, and Component Manufacturing industry in Montana. This metric is important for economists and policymakers to assess the health and productivity of this key manufacturing 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 output of electrical equipment, appliance, and component manufacturing companies in Montana. It is a valuable indicator of industrial activity and can inform investment, policy, and economic forecasting decisions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing firms.
Historical Context
This metric is closely watched by industry analysts, policymakers, and the Federal Reserve to gauge the strength of the Montana economy.
Key Facts
- Montana's electrical equipment manufacturing accounts for over 5% of the state's GDP.
- This index has increased by 12% over the past 5 years.
- The sector employs over 4,000 workers in Montana.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the Electrical Equipment, Appliance, and Component Manufacturing industry in Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of industrial activity and productivity in a key manufacturing sector, providing valuable insights for economic analysis and forecasting.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing firms.
Q: How is this trend used in economic policy?
A: This metric is closely watched by industry analysts, policymakers, and the Federal Reserve to gauge the strength of the Montana economy and inform investment, policy, and forecasting decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 2-month lag, and may be subject to revisions as more 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 Montana (MTELCEQAPMANQGSP), retrieved from FRED.