Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana
LANDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.06
Year-over-Year Change
22.86%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana measures the output volume of the nondurable goods manufacturing sector in the state. This metric is a key indicator of economic activity and production trends.
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 real output, or production volume, of Louisiana's nondurable goods manufacturing industries, which include food, beverage, textile, apparel, paper, and chemical products. Economists and policymakers use this data to assess the health and competitiveness of the state's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
The nondurable goods manufacturing index provides insight into consumer demand, trade dynamics, and the broader economic climate in Louisiana.
Key Facts
- Louisiana's nondurable goods manufacturing sector accounts for over 10% of the state's total GDP.
- Food and chemical products make up the largest share of Louisiana's nondurable manufacturing output.
- The index has shown steady growth over the past decade, reflecting the sector's resilience.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana measures the real output volume of the state's nondurable goods manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of Louisiana's manufacturing base, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the health of Louisiana's manufacturing sector and make informed decisions about economic development, trade, and industrial policies.
Q: Are there update delays or limitations?
A: The nondurable goods manufacturing index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana (LANDURMANQQGSP), retrieved from FRED.