Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Louisiana
LAPLASRUBMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.44
Year-over-Year Change
41.78%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Louisiana measures the real output of the plastics and rubber manufacturing industry in Louisiana. This metric is important for economists and policymakers to understand regional economic trends 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 real (inflation-adjusted) quantity of goods produced by the plastics and rubber products manufacturing industry in Louisiana. It provides insight into the productivity and economic health of this key sector, which has significant influence on the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry production indexes and GDP deflators.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the economic conditions and outlook for Louisiana's manufacturing sector.
Key Facts
- The index uses 2012 as the base year.
- Louisiana is a major hub for plastics and rubber manufacturing.
- The industry accounts for over 10% of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods produced by the plastics and rubber products manufacturing industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and economic health of a key manufacturing sector in Louisiana, which has significant influence on the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry production indexes and GDP deflators.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to assess the economic conditions and outlook for Louisiana's manufacturing sector, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Plastics and Rubber Products Manufacturing (326) in Louisiana (LAPLASRUBMANQGSP), retrieved from FRED.