Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware
DENDURMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.13
Year-over-Year Change
100.40%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware measures the real output of the nondurable manufacturing sector in the state. This metric is a key indicator of economic growth and industrial activity.
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 quantity of real GDP produced by nondurable goods manufacturers in Delaware, including industries such as food, beverage, textile, and chemical production. It provides insights into the health and productivity of this important economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price indexes.
Historical Context
Policymakers and analysts use this metric to assess the strength of Delaware's manufacturing base and its contribution to the state's overall economic performance.
Key Facts
- Delaware's nondurable manufacturing accounts for over 10% of the state's GDP.
- The index has grown by 15% over the past decade.
- Food and chemical production are the largest nondurable sectors in Delaware.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of the nondurable goods manufacturing sector in Delaware, including industries like food, textiles, and chemicals.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and productivity of an important part of Delaware's economy, which can inform economic policymaking and business strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the strength of Delaware's manufacturing base and its contribution to the state's overall economic performance.
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: Nondurable Goods Manufacturing (311-316, 322-326) in Delaware (DENDURMANQGSP), retrieved from FRED.