Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in North Carolina
NCNMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.78
Year-over-Year Change
-2.92%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in North Carolina measures the real output of this key manufacturing sector in the state. This metric is a critical indicator of economic health and productivity in the region.
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 inflation-adjusted value of goods produced by North Carolina's nonmetallic mineral product manufacturing industry, which includes the production of cement, glass, ceramics, and other construction materials. This data provides insight into the state's industrial activity and competitiveness.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using established national accounting procedures.
Historical Context
Policymakers and analysts use this data to assess the performance and outlook of North Carolina's manufacturing base.
Key Facts
- North Carolina is a top U.S. state for manufacturing output.
- Nonmetallic mineral products are a key component of the state's industrial base.
- This index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real, inflation-adjusted output of North Carolina's nonmetallic mineral product manufacturing industry, which includes items like cement, glass, and ceramics.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into the performance and competitiveness of a critical manufacturing sector in North Carolina, informing economic policy and business decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis compiles this index using established national accounting methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health and outlook of North Carolina's industrial base and guide related economic development initiatives.
Q: Are there update delays or limitations?
A: This index is published quarterly with a short lag, providing timely data on this manufacturing sector.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in North Carolina (NCNMMPMANQGSP), retrieved from FRED.