Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Delaware
DEMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.72
Year-over-Year Change
65.31%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Delaware measures the real output of the manufacturing sector in the state. This trend is a key indicator of economic growth and productivity in Delaware's industrial base.
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: Manufacturing (31-33) in Delaware is a measure of the real, inflation-adjusted output of the manufacturing industry in the state. It tracks changes in the volume of goods produced, providing insight into the health and performance of this important economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to account for changes in the relative prices of goods over time.
Historical Context
Policymakers and analysts use this index to assess the manufacturing industry's contribution to Delaware's overall economic activity and development.
Key Facts
- The index is based on 2012 as the reference year.
- Manufacturing accounts for around 10% of Delaware's total GDP.
- The index reached its highest level on record in 2018.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Delaware measures the real, inflation-adjusted output of the manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the health and performance of Delaware's manufacturing industry, which is an important contributor to the state's overall economic activity and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to account for changes in the relative prices of goods over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the manufacturing industry's contribution to Delaware's overall economic performance and to inform policy decisions related to supporting and promoting the state's industrial base.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, with a typical release lag of around 2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Delaware (DEMANQGSP), retrieved from FRED.