Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Arkansas
ARTEXTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.68
Year-over-Year Change
-7.75%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Arkansas measures the volume of economic output from the textile industry in Arkansas. This metric is important for economists and policymakers to understand regional industrial activity and productivity.
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 and services produced by textile mills and textile product manufacturers in the state of Arkansas. It is a key indicator of the overall health and competitiveness of the state's textile industry.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP-by-industry accounts.
Historical Context
This index helps inform economic policy decisions and business strategies related to the textile industry in Arkansas.
Key Facts
- The index has a base year of 2012.
- Arkansas was the 6th largest textile producing state in the U.S. in 2021.
- Textile manufacturing accounts for over 20,000 jobs in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods and services produced by textile mills and textile product manufacturers in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the overall health and competitiveness of Arkansas' textile industry, which is an important part of the state's manufacturing economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP-by-industry accounts.
Q: How is this trend used in economic policy?
A: This index helps inform economic policy decisions and business strategies related to the textile industry in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Arkansas (ARTEXTQGSP), retrieved from FRED.