Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Illinois
ILDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.40
Year-over-Year Change
-6.43%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Illinois measures the real output of the durable goods manufacturing sector in the state. It is an important indicator of economic activity and industrial production.
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 volume of goods produced by Illinois manufacturers in industries such as machinery, transportation equipment, and furniture. It provides insights into the health and growth of the state's manufacturing base, which is a key driver of overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using information from surveys and administrative sources.
Historical Context
Policymakers and analysts use this index to monitor trends in industrial production and guide economic policies.
Key Facts
- Illinois is a major manufacturing hub, accounting for over 12% of the state's GDP.
- Durable goods manufacturing makes up about 40% of Illinois' total manufacturing output.
- The index has shown steady growth in Illinois' durable goods production since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or production volume of durable goods manufacturing industries in the state of Illinois, including machinery, transportation equipment, and furniture.
Q: Why is this trend relevant for users or analysts?
A: The durable goods manufacturing sector is a key driver of economic activity and growth in Illinois, so this index provides important insights into the health and performance of the state's industrial base.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor trends in industrial production and guide economic policies that support the manufacturing sector in Illinois.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag of several months, so there may be delays in accessing the most recent data.
Related Trends
Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Illinois
ILTRANGRNDTRANNGSP
High-Propensity Business Applications: Total for All NAICS in Illinois
BAHBATOTALSAIL
Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Illinois
SMU17000003200000007A
Transportation Carbon Dioxide Emissions, Residential for Illinois
EMISSCO2VCLACBILA
All Employees: Government: Local Government in Illinois
SMU17000009093000001
Personal Consumption Expenditures: Services: Food Services and Accommodations for Illinois
ILPCEFDSRVACCMD
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Illinois (ILDURMANQQGSP), retrieved from FRED.