Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Wisconsin
WIMISCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.58
Year-over-Year Change
49.87%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Wisconsin measures the output volume of the miscellaneous manufacturing sector in the state. This trend is a key indicator of economic performance and productivity in this important industry.
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 real, inflation-adjusted output of the miscellaneous manufacturing subsector in Wisconsin. It provides a measure of the sector's contribution to the state's overall economic growth and can help analysts and policymakers assess the health and competitiveness of this segment of the state's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Historical Context
Trends in the miscellaneous manufacturing index are closely watched by economists and state officials to gauge the broader manufacturing climate and inform economic policy decisions.
Key Facts
- Wisconsin is a top manufacturing state, accounting for over 16% of its GDP.
- Miscellaneous manufacturing includes diverse industries like medical equipment, jewelry, and sporting goods.
- The index uses 2012 as the base year for calculating real, inflation-adjusted output.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Wisconsin measures the real, inflation-adjusted output volume of the miscellaneous manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a key indicator of productivity and economic performance in an important segment of Wisconsin's manufacturing base, which is crucial for the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments in Wisconsin.
Q: How is this trend used in economic policy?
A: Trends in the miscellaneous manufacturing index are closely watched by economists and state officials to gauge the broader manufacturing climate and inform economic policy decisions in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, but there may be lags of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Wisconsin (WIMISCMANQGSP), retrieved from FRED.