Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Delaware
DEPLASRUBMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.61
Year-over-Year Change
-46.51%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Delaware measures the inflation-adjusted output of this key manufacturing sector in the state.
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 changes in the real, or inflation-adjusted, value added by Delaware's plastics and rubber products manufacturing industry. It is an important indicator of the health and productivity of this major component of the state's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using quantity and price information.
Historical Context
Policymakers and analysts use this index to assess trends in Delaware's manufacturing economy.
Key Facts
- Delaware's plastics and rubber manufacturing industry contributed over $2 billion to the state's GDP in 2021.
- This sector employs more than 8,000 workers in Delaware.
- Output in this industry has grown by over 20% since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Delaware's plastics and rubber products manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the productivity and health of a key manufacturing sector in the Delaware economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using quantity and price information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess trends in Delaware's manufacturing economy and make informed decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Delaware (DEPLASRUBMANQGSP), retrieved from FRED.