Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Hawaii
HIAPPLEATHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.84
Year-over-Year Change
0.55%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the apparel, leather, and allied product manufacturing industry in Hawaii. It provides insight into the production and economic activity within 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
The chain-type quantity index is a measure of real GDP, adjusted for inflation, for the apparel, leather, and allied product manufacturing industry in Hawaii. This data series is used by economists and policymakers to analyze trends in this important manufacturing segment and its contribution to the overall state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price indices.
Historical Context
This measure helps inform economic and industry policy decisions related to the manufacturing sector in Hawaii.
Key Facts
- The manufacturing industry accounts for over 10% of Hawaii's GDP.
- Apparel and leather production is a significant component of Hawaii's manufacturing base.
- This index is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the apparel, leather, and allied product manufacturing industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insight into the production and economic activity within a key manufacturing sector in Hawaii, helping to inform policy and business 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 indices.
Q: How is this trend used in economic policy?
A: This measure helps inform economic and industry policy decisions related to the manufacturing sector in Hawaii.
Q: Are there update delays or limitations?
A: This index is updated quarterly by the U.S. Bureau of Economic Analysis.
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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 Hawaii (HIAPPLEATHMANQGSP), retrieved from FRED.