Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Indiana
INAPPLEATHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.77
Year-over-Year Change
-14.42%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Indiana measures the real output of this industry 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 the volume of goods and services produced by apparel, leather, and allied manufacturers in Indiana, adjusting for price changes to provide a measure of real economic activity in the sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using reported production and sales figures.
Historical Context
This index is used by economists and policymakers to analyze the health and performance of Indiana's manufacturing industry.
Key Facts
- Indiana is a major hub for apparel and leather manufacturing.
- This index tracks changes in real output for the sector.
- Data is reported quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of the apparel, leather, and allied product manufacturing sector in Indiana, adjusting for price changes.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the performance and health of an important manufacturing industry in the state, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using reported production and sales figures from businesses in the sector.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor the strength of Indiana's manufacturing industry and inform decisions related to economic development, trade, and workforce policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Indiana (INAPPLEATHMANQGSP), retrieved from FRED.