Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in the District of Columbia
DCPETCOALMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
361.20
Year-over-Year Change
-99.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in the District of Columbia measures the inflation-adjusted output of the petroleum and coal products manufacturing industry in the District of Columbia. This metric is a key indicator of economic activity and productivity in this important industrial sector.
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 provides a measure of real, inflation-adjusted changes in the production and output of the petroleum and coal products manufacturing industry within the District of Columbia. It is a valuable tool for economists and policymakers to assess trends in this critical segment of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This index is used by government agencies, industry analysts, and economic researchers to monitor the health and performance of the petroleum and coal products manufacturing sector in Washington, D.C.
Key Facts
- The index is based on 2012 as the reference year.
- The petroleum and coal products manufacturing industry accounts for a significant portion of D.C.'s industrial output.
- Fluctuations in this index can signal changes in energy demand and prices.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in the District of Columbia measures the inflation-adjusted output of the petroleum and coal products manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and productivity in the important petroleum and coal products manufacturing sector, providing valuable insights for economists, policymakers, and industry analysts.
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 methods.
Q: How is this trend used in economic policy?
A: This index is used by government agencies, industry analysts, and economic researchers to monitor the health and performance of the petroleum and coal products manufacturing sector in Washington, D.C., which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the comprehensive nature of the national accounting process.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in the District of Columbia (DCPETCOALMANQGSP), retrieved from FRED.