Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Delaware
DEDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.38
Year-over-Year Change
-13.57%
Date Range
1/1/2005 - 1/1/2025
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 of Delaware. This trend is an important indicator of economic activity and productivity in a key 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, inflation-adjusted quantity of goods produced by durable goods manufacturers in Delaware, including industries like computer and electronic product manufacturing, transportation equipment, and furniture. It provides insights into the health and competitiveness of this vital manufacturing segment of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price indices.
Historical Context
Policymakers and analysts use this index to assess the performance of Delaware's manufacturing sector and its contribution to the state's overall economic growth.
Key Facts
- Delaware's durable goods manufacturing accounts for over 10% of its GDP.
- This index has shown steady growth since the early 2000s.
- The index uses 2012 as its base year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the durable goods manufacturing sector in the state of Delaware, including industries like computer and electronic product manufacturing, transportation equipment, and furniture.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the health and competitiveness of a key manufacturing segment of Delaware's economy, which is crucial for policymakers and analysts to assess the state's overall economic performance and 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 indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the performance of Delaware's manufacturing sector and its contribution to the state's overall economic growth, which informs policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The index is updated regularly by the U.S. Federal Reserve, but there may be some delays in data availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Delaware (DEDURMANQQGSP), retrieved from FRED.