Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Colorado
CONDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.12
Year-over-Year Change
8.40%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Colorado measures the real output of Colorado's nondurable manufacturing sector. This metric is crucial for economists and policymakers to track the state's industrial production and economic health.
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 represents the inflation-adjusted volume of production for Colorado's nondurable manufacturing industries, including food, beverage, textile, apparel, paper, and chemical products. It is a key indicator of the region's industrial performance and can inform investment, policy, and market decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
This metric provides valuable insight into Colorado's manufacturing-based economy and can influence decisions around infrastructure, trade, and economic development policies.
Key Facts
- Colorado's nondurable manufacturing contributed over $25 billion to state GDP in 2021.
- The index reached a peak of 125.56 in 2015 before declining due to global supply chain disruptions.
- Food and chemical products account for the largest shares of Colorado's nondurable manufacturing output.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Colorado measures the real, inflation-adjusted output of the state's nondurable manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and health of Colorado's manufacturing-based economy, which can inform investment, policy, and market decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Q: How is this trend used in economic policy?
A: This index can influence decisions around infrastructure, trade, and economic development policies in Colorado, as it reflects the state's industrial production and economic health.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months, so there may be some delay in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Colorado (CONDURMANQQGSP), retrieved from FRED.