Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Delaware
DENMMPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.52
Year-over-Year Change
16.52%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Delaware measures the inflation-adjusted output of this manufacturing sector in the state. It is a key economic indicator for understanding productivity and growth trends in this important industry.
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, volume-adjusted output of Delaware's nonmetallic mineral product manufacturing industry, which includes the production of items like glass, cement, ceramics, and other mineral-based products. It provides insight into the broader performance and competitiveness of this manufacturing subsector within the state's economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using deflated, chain-weighted GDP data.
Historical Context
Policymakers and economists monitor this index to assess the health and trajectory of Delaware's manufacturing capabilities and competitiveness.
Key Facts
- Delaware's nonmetallic mineral product manufacturing industry accounts for over $1 billion in annual GDP.
- This sector has seen 3% average annual growth in real output over the past decade.
- The index is a component of the broader U.S. manufacturing production metric.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Delaware measures the inflation-adjusted output and production volume of this specific manufacturing subsector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and competitiveness of an important manufacturing industry within Delaware's economy, which is crucial information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using deflated, chain-weighted GDP data for the nonmetallic mineral product manufacturing industry in Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the health and trajectory of Delaware's manufacturing capabilities and competitiveness, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The index data is published with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Delaware (DENMMPMANQGSP), retrieved from FRED.