Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Washington
WAELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.00
Year-over-Year Change
107.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Washington measures the inflation-adjusted output of this industry sector in the state. It is a key indicator of economic activity and productivity in this important manufacturing segment.
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 changes in the real, inflation-adjusted value of goods produced by electrical equipment, appliance, and component manufacturers in Washington. It is a useful metric for assessing the health and competitiveness of this industry within the state's broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional gross domestic product estimates.
Historical Context
Policymakers and industry analysts use this index to monitor the performance and trends of this manufacturing sector in Washington.
Key Facts
- This index is calculated with a base year of 2012.
- The electrical equipment industry accounts for over 5% of Washington's total manufacturing GDP.
- The index reached an all-time high in 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the electrical equipment, appliance, and component manufacturing industry in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and competitiveness of a key manufacturing sector within Washington'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 as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to monitor the health and productivity of Washington's electrical equipment manufacturing sector.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the BEA, with a typical 2-3 month delay in release.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Washington (WAELCEQAPMANQGSP), retrieved from FRED.