Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in the District of Columbia
DCNDURMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.14
Year-over-Year Change
-30.33%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator tracks the chain-type quantity index for real GDP in the nondurable goods manufacturing sector of Washington, D.C. It provides insights into the production and output trends of this key industry within the district's economy.
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
The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in the District of Columbia is a measure of the real output, adjusted for inflation, of the nondurable manufacturing industries located in Washington, D.C. This metric is used by economists and policymakers to assess the health and growth of this important economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This trend is relevant for understanding the broader economic conditions and policy decisions affecting the District of Columbia.
Key Facts
- The base year for this index is 2012.
- Nondurable goods manufacturing accounts for a significant portion of D.C.'s economic output.
- This index is seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the nondurable goods manufacturing sector of Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the production and output trends of a key industry within the District of Columbia's economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the broader economic conditions and policy decisions affecting the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as other economic indicators published by the U.S. government.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in the District of Columbia (DCNDURMANQGSP), retrieved from FRED.