Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the District of Columbia
This dataset tracks chain-type quantity index for real gdp: durable goods manufacturing (321, 327-339) in the district of columbia over time.
Latest Value
118.98
Year-over-Year Change
17.16%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the District of Columbia measures the output of the durable goods manufacturing sector in the District of Columbia. This indicator provides insight into the economic health and productivity of this key 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 tracks the inflation-adjusted quantity of goods produced by durable goods manufacturers in the District of Columbia, including industries such as computer and electronic product manufacturing, transportation equipment, and furniture. It is used by economists and policymakers to assess the performance and trends within the local manufacturing economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Historical Context
Trends in this index can inform decisions around economic development, trade, and industrial policies.
Key Facts
- The index is based on North American Industry Classification System (NAICS) codes 321 and 327-339.
- Durable goods manufacturing accounts for a significant portion of the District of Columbia's economic output.
- The index is a component of the Bureau of Economic Analysis's broader real GDP measure for the District.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted quantity of goods produced by durable goods manufacturers in the District of Columbia, providing insight into the performance of this key industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are relevant for economists, policymakers, and businesses to assess the economic health and productivity of the District's manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Trends in this index can inform decisions around economic development, trade, and industrial policies in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bureau of Economic Analysis, though there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the District of Columbia (DCDURMANQQGSP), retrieved from FRED.