Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in North Carolina
NCDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.47
Year-over-Year Change
-5.72%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in North Carolina tracks the volume of output in the state's durable goods manufacturing sector, a key economic indicator.
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 measures the real, inflation-adjusted production of durable goods in North Carolina, including industries like computer and electronic product manufacturing, transportation equipment, and furniture. It provides insights into the health and growth of the state's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for price changes over time.
Historical Context
This metric is closely watched by policymakers, analysts, and businesses to assess the state's economic performance and competitiveness.
Key Facts
- North Carolina is a leading U.S. manufacturing state.
- Durable goods are a key driver of the state's economy.
- This index tracks output volume, not just dollar values.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in North Carolina measures the real, inflation-adjusted volume of output from the state's durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and growth of North Carolina's manufacturing base, which is a critical driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for price changes over time.
Q: How is this trend used in economic policy?
A: This index is closely watched by policymakers, analysts, and businesses to assess North Carolina's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may be subject to revisions and delays typical of economic statistics.
Related Trends
All Employees: Transportation and Utilities: Utilities in North Carolina
SMU37000004322000001
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in North Carolina
NCRERENTLEAQGSP
Average Hourly Earnings of All Employees: Financial Activities in North Carolina
SMU37000005500000003
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in North Carolina
NCARTENTRECRQGSP
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for North Carolina
NCPCEGONPI
All Employees: Real Estate and Rental and Leasing in North Carolina
SMU37000005553000001A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in North Carolina (NCDURMANQQGSP), retrieved from FRED.