Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Delaware
DEFURNMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.23
Year-over-Year Change
227.88%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Delaware measures the real output of the furniture manufacturing industry in the state. This metric is important for economists and policymakers to gauge the health and productivity of a key sector of the state's economy.
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 furniture manufacturers in Delaware. It serves as a key indicator of the manufacturing industry's performance and can provide insights into broader economic trends in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP-by-industry statistics.
Historical Context
Policymakers and analysts use this index to monitor the furniture manufacturing industry's contribution to Delaware's overall economic output and growth.
Key Facts
- Delaware's furniture manufacturing industry accounts for over 5% of the state's total GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- Furniture production is a major employer in Delaware, accounting for over 10,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods produced by the furniture 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 performance and productivity of a key manufacturing sector in Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP-by-industry statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the furniture manufacturing industry's contribution to Delaware's overall economic output and growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Delaware (DEFURNMANQGSP), retrieved from FRED.