Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RINDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,863.60
Year-over-Year Change
0.86%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (RINDURMANNQGSP) measures the annualized change in real gross state product for the manufacturing industry in the United States. This data provides insight into the overall health and productivity of the U.S. 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
The Quarterly, Seasonally Adjusted Annual Rate (RINDURMANNQGSP) is a measure of the annualized change in real gross state product (GSP) for the manufacturing industry. It is a key indicator of manufacturing sector performance and can help economists and policymakers understand broader trends in the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
Analysts and policymakers use this data to assess the strength of the U.S. manufacturing industry and its impact on the overall economy.
Key Facts
- The manufacturing industry accounts for over 11% of U.S. GDP.
- Real GSP growth in manufacturing has averaged 2.5% annually since 2010.
- The U.S. is the world's second-largest manufacturer, behind China.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (RINDURMANNQGSP) measures the annualized change in real gross state product for the manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and productivity of the U.S. manufacturing sector, which is a key driver of economic growth and a major focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the strength of the U.S. manufacturing industry and its impact on the overall economy, informing decisions and policies that affect the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RINDURMANNQGSP), retrieved from FRED.