Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia
DCELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.26
Year-over-Year Change
62.87%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia measures the real output of this industry sector. It is an important indicator of economic activity and productivity in the regional manufacturing 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 volume of goods and services produced by electrical equipment, appliance, and component manufacturers in Washington, D.C. It is a key metric for understanding the performance and competitiveness of the local manufacturing sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and production data.
Historical Context
Policymakers and economists use this index to assess the health of the District's manufacturing base and its broader economic trends.
Key Facts
- The index is referenced to the year 2012.
- Manufacturing accounts for 1.4% of the District's economy.
- Index values peaked in 2019 before declining during the pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the electrical equipment, appliance, and component manufacturing industry in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and competitiveness of the District's manufacturing sector, which is a key part of the regional economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and production data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health of the District's manufacturing base and its broader economic trends.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag, so there may be delays in accessing the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in the District of Columbia (DCELCEQAPMANQGSP), retrieved from FRED.