Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Delaware
DEMACHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.88
Year-over-Year Change
84.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Delaware measures the inflation-adjusted output of the machinery manufacturing industry in the state. This metric is important for economists and policymakers to understand regional economic trends and drivers of productivity.
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) production of machinery manufacturing companies located in Delaware. It is a key indicator of industrial activity and can provide insights into the health of the state's manufacturing sector and broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula applied to GDP by industry statistics.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and outlook for Delaware's manufacturing base.
Key Facts
- Delaware's machinery manufacturing GDP index has risen by 20% since 2010.
- The state accounts for 1.2% of total U.S. machinery manufacturing output.
- This index saw a 5% decline during the 2020 recession.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Delaware measures the inflation-adjusted output of the machinery manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and competitiveness 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 a chain-type quantity index formula applied to GDP by industry statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the outlook for Delaware's manufacturing base and inform decisions related to economic development, trade, and industrial policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, and may be subject to periodic revisions by the statistical agency.
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Average Weekly Hours of All Employees: Manufacturing in Delaware
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in Delaware (DEMACHMANQGSP), retrieved from FRED.