Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in the District of Columbia
DCMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.82
Year-over-Year Change
1.66%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in the District of Columbia measures the inflation-adjusted output of the manufacturing sector in Washington, D.C. This metric is a key indicator of economic activity 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 volume of real (inflation-adjusted) goods produced by manufacturing establishments in the District of Columbia, a key sector of the local economy. Economists and policymakers use this data to assess the health and trends of D.C.'s industrial output.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to account for price changes over time.
Historical Context
Monitoring this manufacturing production index helps inform economic and fiscal policies in the District of Columbia.
Key Facts
- Manufacturing accounts for about 2% of GDP in Washington, D.C.
- The index uses 2012 as the base year with a value of 100.
- This metric excludes service-based industries in the District.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in the District of Columbia measures the inflation-adjusted output of the manufacturing sector in Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and productivity in the manufacturing sector, which is an important part of D.C.'s economy. Monitoring this index helps inform economic and fiscal policies in the District.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to account for price changes over time.
Q: How is this trend used in economic policy?
A: This manufacturing production index is used by economists and policymakers to assess the health and trends of the District of Columbia's industrial output, which can inform economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in the District of Columbia (DCMANQGSP), retrieved from FRED.