Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in South Carolina
SCAPPLEATHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212.37
Year-over-Year Change
204.27%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in South Carolina measures the real output of this industry in the state. It is an important indicator of economic activity and productivity in this key manufacturing sector.
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) volume of goods produced by apparel, leather, and allied product manufacturers in South Carolina. It is a valuable indicator for analysts and policymakers to gauge the performance and competitiveness of this industry within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturers.
Historical Context
The index is used to inform economic policy and business decisions related to this industry's growth, investment, and trade impacts.
Key Facts
- South Carolina is a major center for apparel and leather manufacturing.
- This industry accounts for over 10% of the state's total manufacturing GDP.
- Output has fluctuated in recent years due to global competition and trade policies.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the apparel, leather, and allied product manufacturing industry in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: It is an important indicator of productivity, competitiveness, and economic activity in this key manufacturing sector within the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of manufacturers.
Q: How is this trend used in economic policy?
A: The index informs decisions and analysis related to industry growth, investment, and trade policy impacts for this manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month lag, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in South Carolina (SCAPPLEATHMANQGSP), retrieved from FRED.