Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Louisiana
LADURMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.43
Year-over-Year Change
-11.77%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the durable goods manufacturing sector of Louisiana. It provides insights into the production and economic activity in this key industry within 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
The chain-type quantity index for real GDP in durable goods manufacturing in Louisiana tracks the inflation-adjusted output of this sector over time. It is a valuable indicator of economic performance and growth within the state's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This trend is relevant for policymakers, economists, and businesses to assess the health and trajectory of Louisiana's manufacturing economy.
Key Facts
- Louisiana's durable goods manufacturing sector accounts for over 10% of the state's GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- Durable goods production is a key driver of employment and investment in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the durable goods manufacturing sector of Louisiana. It tracks the inflation-adjusted output of this key industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of Louisiana's manufacturing base, which is a critical component of the state's economy. It is relevant for policymakers, economists, and businesses monitoring economic conditions.
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 and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess the health and trajectory of Louisiana's manufacturing economy, informing decisions around investment, employment, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Louisiana (LADURMANQGSP), retrieved from FRED.