Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Delaware
DEDURMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.37
Year-over-Year Change
3.31%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Delaware measures the real output of the durable goods manufacturing sector in the state. It is an important indicator of economic activity and can inform policy decisions.
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 value-added output of durable goods manufacturers in Delaware, which includes industries like machinery, transportation equipment, and furniture production. It is a key statistic for understanding the health and trajectory of the state's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information from surveyed manufacturing facilities.
Historical Context
Policymakers and economists monitor this index to assess the competitiveness and growth potential of Delaware's durable goods industries.
Key Facts
- Delaware's durable goods manufacturing sector accounts for over 25% of the state's GDP.
- The index has shown steady growth since the Great Recession, indicating a rebound in the state's manufacturing base.
- Durable goods manufacturing employs over 40,000 workers in Delaware, a key driver of the state's economy.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Delaware measures the real output of the state's durable goods manufacturing sector, including industries like machinery, transportation equipment, and furniture production.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of economic activity in Delaware and can inform policy decisions related to the state's manufacturing base and overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price information from surveyed manufacturing facilities in Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the competitiveness and growth potential of Delaware's durable goods industries, which are a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve and may have a short delay in reporting due to the time required to collect and process the underlying manufacturing information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Delaware (DEDURMANQGSP), retrieved from FRED.