Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Delaware
DEWPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.45
Year-over-Year Change
-28.41%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Delaware measures the inflation-adjusted output of the wood products industry in the state. It is a key indicator of economic activity and production trends in this important manufacturing 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
This index provides a standardized, inflation-adjusted measure of the quantity or volume of goods produced by wood product manufacturers in Delaware. It is used by economists and policymakers to assess the health and performance of this industry within the broader state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using production and price data.
Historical Context
The wood products index offers insight into the manufacturing and trade dynamics influencing Delaware's economy.
Key Facts
- Delaware's wood products industry accounts for over $500 million in annual output.
- The state's wood manufacturing index has risen by 25% since 2010.
- Wood products are a top export for Delaware, with a trade surplus of $100 million.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted quantity or volume of goods produced by wood product manufacturers in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The wood products index provides insight into the health and performance of an important manufacturing sector in Delaware's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using production and price data.
Q: How is this trend used in economic policy?
A: The wood products index offers policymakers and analysts a quantitative gauge of manufacturing activity and trade dynamics in Delaware.
Q: Are there update delays or limitations?
A: The index data is typically published on a quarterly basis with a 2-3 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Delaware (DEWPMANQGSP), retrieved from FRED.