Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Delaware
DEFOODBEVTOBMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.37
Year-over-Year Change
64.32%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the food, beverage, and tobacco product manufacturing industry in Delaware. It provides insights into the production output and growth of this critical 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 real (inflation-adjusted) output of the food, beverage, and tobacco product manufacturing industry in Delaware. It serves as an important economic indicator for policymakers and analysts seeking to understand the state's industrial production and economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the economic conditions and growth dynamics within Delaware's manufacturing sector.
Key Facts
- Delaware's food, beverage, and tobacco manufacturing industry accounts for a significant portion of the state's GDP.
- The chain-type quantity index provides a measure of the industry's real output growth over time.
- This trend is closely monitored by economists and policymakers to assess the health of Delaware's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the food, beverage, and tobacco product manufacturing industry in Delaware. It provides a gauge of the real output and production growth in this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic performance and growth dynamics of Delaware's manufacturing sector, which is a critical component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the health and growth of Delaware's manufacturing industry, which informs economic policy and decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the standard publication schedule and revision process of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or revisions to the historical data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Delaware (DEFOODBEVTOBMANQGSP), retrieved from FRED.