Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Oregon
ORMACHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.89
Year-over-Year Change
30.92%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Oregon measures the real output of the machinery manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and productivity of a key industrial 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
The Chain-Type Quantity Index tracks the volume of real GDP generated by the machinery manufacturing industry in Oregon. It provides a valuable indicator of economic activity and productivity trends within this critical component of the state's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using deflated value-added estimates for the machinery manufacturing sector.
Historical Context
This index is closely watched by economists, market analysts, and policymakers to gauge the performance and competitiveness of Oregon's machinery manufacturing industry.
Key Facts
- Oregon is a leading producer of machinery in the U.S.
- Machinery manufacturing accounts for over 10% of the state's GDP.
- The index has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Oregon measures the real output or production volume of the machinery manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the health and productivity of a crucial sector of Oregon's economy, helping economists, policymakers, and market participants assess industrial performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using deflated value-added estimates for the machinery manufacturing industry in Oregon.
Q: How is this trend used in economic policy?
A: This index is closely monitored by economists and policymakers to gauge the performance and competitiveness of Oregon's machinery manufacturing sector, which informs decision-making on economic development, trade, and industrial policies.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a typical lag of 2-3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Oregon (ORMACHMANQGSP), retrieved from FRED.