Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Louisiana
LADURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.75
Year-over-Year Change
10.90%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Louisiana measures the real output of the durable goods manufacturing sector in the state, providing insights into economic growth and productivity.
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 durable goods manufacturing, which includes industries like machinery, transportation equipment, and furniture. It is a key indicator for analyzing the health and competitiveness of Louisiana's manufacturing economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production volumes and price indices.
Historical Context
Economists and policymakers monitor this index to assess the state's manufacturing performance and inform economic development strategies.
Key Facts
- Louisiana's durable goods manufacturing accounts for over 10% of the state's GDP.
- The index has shown steady growth over the past decade, indicating a resilient manufacturing sector.
- Durable goods production is a key driver of Louisiana's economy, supporting high-wage jobs and exports.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Louisiana measures the real output of the durable goods manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator for analyzing the health and competitiveness of Louisiana's manufacturing economy, providing insights into economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production volumes and price indices.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the state's manufacturing performance and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with minimal delays, providing timely insights into Louisiana's durable goods manufacturing sector.
Related Trends
Coefficient for Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Louisiana
EMISSCO2CNGICBLAA
Coefficient for Commercial Carbon Dioxide Emissions, Residual Fuel for Louisiana
EMISSCO2CRFCCBLAA
Pandemic Unemployment Assistance Initial Claims in Louisiana
PUAICLA
Real Gross Domestic Product: Educational Services (61) in Louisiana
LAEDCATRQGSP
Average Hourly Earnings of All Employees: Professional and Business Services in Louisiana
SMU22000006000000003
Net Earnings by Place of Residence in Louisiana
LAENET
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Louisiana (LADURMANQQGSP), retrieved from FRED.