Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arkansas
ARELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.72
Year-over-Year Change
-47.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arkansas measures the real output of this industry sector in the state. It is an important indicator for economists and policymakers to track productivity and growth trends in this key manufacturing 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
This index provides a measure of the real, inflation-adjusted output of the electrical equipment, appliance, and component manufacturing industry in Arkansas. It is used to analyze trends in this industry's economic contribution and productivity over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This industry trend data informs economic and policy decisions related to manufacturing, trade, and investment in Arkansas.
Key Facts
- The index is measured with 2012 as the base year.
- This industry accounts for over 5% of Arkansas's total manufacturing GDP.
- The index reached a record high in 2021 after recovering from a pandemic-related decline.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the electrical equipment, appliance, and component manufacturing industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for analyzing productivity, growth, and competitiveness trends in a key manufacturing sector of the Arkansas economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: This industry trend data informs economic and policy decisions related to manufacturing, trade, and investment in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arkansas (ARELCEQAPMANQGSP), retrieved from FRED.