Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Delaware
DEAPPLEATHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.95
Year-over-Year Change
103.14%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the apparel, leather, and allied product manufacturing industry in Delaware. It provides insights into the production and economic activity within this important 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 for real GDP is a measure of the volume of economic output, adjusted for price changes. This trend specifically tracks the apparel, leather, and allied product manufacturing industry in Delaware, which is a key component of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This metric is used by economists and policymakers to analyze trends in manufacturing output and inform economic policy decisions.
Key Facts
- The index is based on 2012 as the reference year.
- Delaware's apparel and leather manufacturing sector accounts for over 5% of the state's GDP.
- This trend has shown moderate growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the apparel, leather, and allied product manufacturing industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production and economic activity within an important manufacturing sector in Delaware, which can inform economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze trends in manufacturing output and inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the U.S. Federal Reserve provides this series on a regular basis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Delaware (DEAPPLEATHMANQGSP), retrieved from FRED.