Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Arkansas
ARPLASRUBMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.30
Year-over-Year Change
-12.48%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Arkansas measures the output of the plastics and rubber manufacturing industry in the state. It is a key indicator of economic activity and productivity in this important industrial 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 tracks the real, inflation-adjusted quantity of goods produced by plastics and rubber manufacturers in Arkansas. It is a valuable tool for economists and policymakers to assess the health and trends of this vital manufacturing industry within the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis based on surveys of manufacturing facilities.
Historical Context
Trends in this index can inform economic and industrial policies aimed at supporting growth in the plastics and rubber products sector.
Key Facts
- Arkansas is a major center for plastics and rubber production.
- This index has shown steady growth over the past decade.
- The plastics and rubber industry accounts for over 10% of Arkansas's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the plastics and rubber manufacturing industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into the health and productivity of a key industrial sector within Arkansas's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis based on surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this index to inform industrial, economic, and workforce development policies aimed at supporting growth in the plastics and rubber products sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 2-3 month delay from the end of the reference period.
Related Trends
All Employees: Total Nonfarm in Arkansas
SMS05000000000000026
Per Capita Personal Consumption Expenditures: Services for Arkansas
ARPCEPCSRV
All Employees: Leisure and Hospitality: Accommodation in Arkansas
SMU05000007072100001
Number of Identified Exporters to United Kingdom from Arkansas
ARGBRA475SCEN
Transportation Carbon Dioxide Emissions, Coal for Arkansas
EMISSCO2TOTVTCCOARA
Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Arkansas
ARMINEXOILGASQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Arkansas (ARPLASRUBMANQGSP), retrieved from FRED.