Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Delaware
DEPRIMETMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.24
Year-over-Year Change
-47.59%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Delaware measures the inflation-adjusted output of the primary metal manufacturing industry in the state. This trend is an important indicator of economic activity and productivity in a key industrial sector.
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 tracks changes in the real, inflation-adjusted value of goods and services produced by the primary metal manufacturing industry in Delaware. It provides insights into the underlying economic drivers and productivity trends within this important manufacturing segment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Historical Context
This economic indicator is closely monitored by policymakers, industry analysts, and economists to assess the health and competitiveness of Delaware's manufacturing base.
Key Facts
- Delaware's primary metal manufacturing industry accounts for over $2 billion in annual GDP.
- The chain-type quantity index uses 2012 as the base year.
- Manufacturing is a key driver of economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Delaware measures the inflation-adjusted output of the primary metal manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the productivity and competitiveness of a crucial manufacturing sector in Delaware, which is closely monitored by policymakers and industry analysts.
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 measure real GDP by industry.
Q: How is this trend used in economic policy?
A: The Chain-Type Quantity Index for Primary Metal Manufacturing in Delaware is used by policymakers, economists, and industry analysts to assess the health and competitiveness of the state's manufacturing base.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Delaware (DEPRIMETMANQGSP), retrieved from FRED.