Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Montana
MTTEXTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.15
Year-over-Year Change
0.34%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Montana measures the real output of the textile industry in the state. This metric is important for economists and policymakers to assess the health and productivity of a 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 textile mills and textile product manufacturers in Montana over time. It is a useful indicator of the relative strength and growth of this industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and industry analysts use this metric to monitor the performance and competitiveness of Montana's textile manufacturing sector.
Key Facts
- The index is calculated with a base year of 2012.
- Montana's textile industry accounts for a small but significant portion of the state's manufacturing output.
- The index tracks both mills producing textiles and those manufacturing textile products.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of textile mills and textile product manufacturers in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the health and productivity of a key manufacturing sector in Montana's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to monitor the performance and competitiveness of Montana's textile manufacturing sector.
Q: Are there update delays or limitations?
A: The index data is published regularly by the Federal Reserve, but may have a lag of several months compared to the current period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Montana (MTTEXTQGSP), retrieved from FRED.