Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware
DEELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.18
Year-over-Year Change
-38.39%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware measures the real output of this industry sector in the state. This metric is important for analyzing economic productivity and competitiveness.
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 inflation-adjusted quantity of goods and services produced by the electrical equipment, appliance, and component manufacturing industry in Delaware. It is a key indicator of the sector's economic performance and can inform policy decisions related to industrial development and investment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price data collected through surveys.
Historical Context
Policymakers and market analysts use this index to assess the health and growth potential of Delaware's manufacturing base.
Key Facts
- This index is based on 2012 as the reference year.
- Manufacturing accounts for over 9% of Delaware's GDP.
- Delaware ranks 48th among U.S. states in electrical equipment production.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods and services produced by the electrical equipment, appliance, and component manufacturing industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing the productivity, competitiveness, and growth potential of Delaware's manufacturing sector, which is a key driver of the state's economy.
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 gathered through industry surveys.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess the health and growth prospects of Delaware's manufacturing base, informing decisions related to industrial development, investment, and competitiveness strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the statistical agency, and there may be a lag of several months between the reference period and the most recent published values.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware (DEELCEQAPMANQGSP), retrieved from FRED.