Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in the District of Columbia
DCNMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.98
Year-over-Year Change
25.98%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in the District of Columbia measures the real output of this industry over time. It is an important indicator of economic activity and productivity 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 tracks changes in the real, inflation-adjusted output of nonmetallic mineral product manufacturing establishments in the District of Columbia. It is used by economists and policymakers to assess the health and trends within this key industrial sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Historical Context
This index provides insight into the District of Columbia's manufacturing and industrial performance, which is relevant for economic policy and investment decisions.
Key Facts
- The index has a base year of 2012 = 100.
- Nonmetallic mineral products include items like glass, cement, and ceramics.
- Manufacturing accounts for around 1% of the District of Columbia's GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of nonmetallic mineral product manufacturing establishments in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the performance and productivity of a key industrial sector in the District of Columbia, which is important for assessing regional economic conditions.
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 accounting methodologies.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to evaluate the District of Columbia's manufacturing and industrial activity, which informs economic policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Federal Reserve, with potential lags due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in the District of Columbia (DCNMMPMANQGSP), retrieved from FRED.