Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in the District of Columbia
DCTEXTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.79
Year-over-Year Change
290.60%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in the District of Columbia measures the real output of the textile industry in Washington, D.C. This trend is a key indicator of economic activity in the District's manufacturing 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 tracks the real, inflation-adjusted production levels of textile mills and related textile product manufacturers located in the District of Columbia. It is a useful barometer for analyzing the health and competitiveness of this important industry within the D.C. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its national accounts.
Historical Context
Economists and policymakers monitor this index to assess the performance and trends within D.C.'s manufacturing base.
Key Facts
- The index is based on 2012 as the reference year.
- Textile manufacturing accounts for over 2% of D.C.'s total GDP.
- The index has shown steady growth since the early 2010s.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in the District of Columbia measures the real, inflation-adjusted output of the textile manufacturing industry in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of activity and competitiveness within D.C.'s manufacturing sector, which is an important part of the city's overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its national accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the performance and trends within D.C.'s manufacturing base, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in the District of Columbia (DCTEXTQGSP), retrieved from FRED.