Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Pennsylvania
PACPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.80
Year-over-Year Change
24.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry (NAICS 334) in Pennsylvania. It provides insights into the state's manufacturing productivity and economic growth.
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 is a measure of inflation-adjusted economic output. This specific series tracks the production volume for the computer and electronic product manufacturing sector in Pennsylvania, a key industry for the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey information from businesses.
Historical Context
This trend is used by economists and policymakers to analyze Pennsylvania's industrial performance and guide economic development strategies.
Key Facts
- This index is based on 2012 as the reference year.
- Pennsylvania is a leading U.S. state for computer and electronics manufacturing.
- The index can signal shifts in the state's industrial competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry (NAICS 334) in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Pennsylvania's manufacturing productivity and economic growth, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey information from businesses.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze Pennsylvania's industrial performance and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and revision policies of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Pennsylvania (PACPUELCPMANQGSP), retrieved from FRED.