Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia
DCAPPLEATHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.65
Year-over-Year Change
-33.35%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia measures the inflation-adjusted output of this industry sector in the region.
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 quantitative measure of the real economic production in the apparel, leather, and allied products manufacturing industry within the District of Columbia. It is a key indicator for economists and policymakers analyzing the strength and trends of this important manufacturing segment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price indices.
Historical Context
This industry-level metric offers insights into the broader manufacturing landscape and can inform economic and fiscal policies.
Key Facts
- The index is measured with a base year of 2012 = 100.
- Apparel and leather manufacturing accounts for approximately 1% of D.C.'s total GDP.
- The industry has seen modest growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the apparel, leather, and allied products manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and economic contribution of a key manufacturing sector within the D.C. region.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price indices.
Q: How is this trend used in economic policy?
A: This industry-level metric can inform economic and fiscal policies related to the manufacturing landscape in the District of Columbia.
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: Apparel, Leather, and Allied Product Manufacturing (315-316) in the District of Columbia (DCAPPLEATHMANQGSP), retrieved from FRED.