Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Oregon
ORPRIMETMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.78
Year-over-Year Change
64.41%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Oregon tracks the output of the primary metal manufacturing industry in the state, providing insight into this key economic 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 measures the real, inflation-adjusted GDP contribution of the primary metal manufacturing industry in Oregon. It is a valuable indicator of the state's industrial production and economic performance in this critical manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Historical Context
Policymakers and industry analysts use this trend to monitor the health and competitiveness of Oregon's primary metal manufacturing sector.
Key Facts
- Oregon is a major producer of primary metals in the U.S.
- The primary metal manufacturing industry accounts for over 10% of Oregon's total GDP.
- This index has shown steady growth in recent years, reflecting the sector's economic importance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted GDP contribution of the primary metal manufacturing industry in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the performance and competitiveness of a key manufacturing sector in Oregon, which is an important indicator of the state's overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the health and competitiveness of Oregon's primary metal manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Oregon (ORPRIMETMANQGSP), retrieved from FRED.