Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in the District of Columbia
DCPLASRUBMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.83
Year-over-Year Change
-37.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in the District of Columbia measures the real output of this industry sector in the region. This data provides insight into the productivity and economic contribution of a key 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 real gross domestic product (GDP) for the plastics and rubber products manufacturing industry in the District of Columbia. It serves as an important indicator of the health and growth of this manufacturing segment within the local economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and analysts use this metric to assess the performance and competitiveness of the District's manufacturing base.
Key Facts
- The index is based on 2012 as the reference year (2012=100).
- Plastics and rubber products manufacturing is a major part of the District's industrial base.
- The index provides a gauge of productivity trends in this critical industry sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or production volume of the plastics and rubber products manufacturing industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and competitiveness of a key manufacturing segment within the District's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and growth of the District's manufacturing base, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with typical release lags of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in the District of Columbia (DCPLASRUBMANQGSP), retrieved from FRED.