Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arizona
AZDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.57
Year-over-Year Change
5.89%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arizona measures the volume of durable goods production in the state. This metric is a key indicator of Arizona's manufacturing activity and economic health.
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 output of Arizona's durable goods manufacturing sector, which includes industries like machinery, electronics, and transportation equipment. It provides insights into the state's industrial production and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
Policymakers and analysts use this index to monitor Arizona's manufacturing performance and inform economic development strategies.
Key Facts
- Arizona's durable goods manufacturing accounts for over 10% of the state's GDP.
- The index has shown steady growth in recent years, indicating a robust manufacturing sector.
- Durable goods production is a major driver of Arizona's economy and employment.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arizona measures the real, inflation-adjusted output of the state's durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into Arizona's manufacturing performance and competitiveness, which are key drivers of the state's economic health and development.
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 index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor Arizona's manufacturing sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Arizona (AZDURMANQQGSP), retrieved from FRED.