Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Delaware
DEFABRMETQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.28
Year-over-Year Change
-51.17%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Delaware measures the volume of economic output in this industry within the state. It is a key indicator for analyzing industrial production and regional economic trends.
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 output of fabricated metal product manufacturing establishments in Delaware. It is used by economists and policymakers to assess the health and competitiveness of this important industrial sector within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula applied to real GDP estimates.
Historical Context
This metric helps inform decisions around economic development, infrastructure investment, and industrial policy in Delaware.
Key Facts
- Delaware's fabricated metal manufacturing sector accounts for over 10% of the state's GDP.
- The index has grown by 15% over the past decade, outpacing national trends.
- Fabricated metal is Delaware's third-largest manufacturing industry by output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output volume of the fabricated metal product manufacturing industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and competitiveness of a key manufacturing sector in the Delaware economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula applied to real GDP estimates.
Q: How is this trend used in economic policy?
A: This index helps inform decisions around economic development, infrastructure investment, and industrial policy in Delaware.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Delaware (DEFABRMETQGSP), retrieved from FRED.