Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Illinois
ILOTRANEQMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.84
Year-over-Year Change
40.57%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the Other Transportation Equipment Manufacturing industry in Illinois. It provides insight into the economic output and production levels of this key 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
The chain-type quantity index tracks changes in the real, inflation-adjusted GDP output from firms in the Other Transportation Equipment Manufacturing industry located in Illinois. This data is used by economists and policymakers to analyze the performance and competitiveness of this important manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses in the specified industry and location.
Historical Context
Trends in this index help inform economic and industrial policies related to supporting manufacturing competitiveness in Illinois.
Key Facts
- The base year for this index is 2012.
- Transportation equipment manufacturing is a major industry in Illinois.
- This index helps track the state's manufacturing productivity and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP output from firms in the Other Transportation Equipment Manufacturing industry located in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and competitiveness of a key manufacturing sector in Illinois, which is crucial for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses in the specified industry and location.
Q: How is this trend used in economic policy?
A: Trends in this index help inform economic and industrial policies related to supporting manufacturing competitiveness in Illinois.
Q: Are there update delays or limitations?
A: The data may have update delays typical of economic statistics, and the index is limited to the specified industry and location in Illinois.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Illinois (ILOTRANEQMANQGSP), retrieved from FRED.