Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Virginia
Annual, Not Seasonally Adjusted
VAACCFDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.59
Year-over-Year Change
18.31%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the annual value of the manufacturing output of motor vehicles, trailers, and parts production in the United States. This indicator provides insight into the health and output of a key 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
This series tracks the annual total value of goods produced by the motor vehicles, trailers, and parts manufacturing industry in the U.S. It is a widely-followed indicator of activity and production levels in a major component of the domestic manufacturing economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the state of U.S. industrial production and the automotive supply chain.
Key Facts
- The U.S. automotive industry accounts for over 3 million jobs.
- Motor vehicle and parts manufacturing makes up around 3% of U.S. GDP.
- This trend saw a sharp decline during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual value of goods produced by the U.S. motor vehicles, trailers, and parts manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and output of a key U.S. manufacturing sector, making it an important metric for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the state of U.S. industrial production and the automotive supply chain.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, providing a comprehensive annual snapshot of the industry.
Related Trends
Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Virginia
VAADMINWASTNQGSP
Average Hourly Earnings of All Employees: Financial Activities in Virginia
SMU51000005500000003
Housing Inventory: Pending Listing Count Year-Over-Year in Virginia
PENLISCOUYYVA
Commercial Carbon Dioxide Emissions, Industrial Coking for Virginia
EMISSCO2VCLCCBVAA
Industrial Carbon Dioxide Emissions, Coal for Virginia
EMISSCO2TOTVICCOVAA
Gross Domestic Product: Professional and Business Services (54, 55, 56) in Virginia
VAPROBUSNGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (VAACCFDQGSP), retrieved from FRED.