Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Hawaii
HINDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.10
Year-over-Year Change
31.71%
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 Hawaii measures the inflation-adjusted output of the nondurable goods manufacturing sector in the state. This key economic indicator provides insight into the health and growth of a critical component of Hawaii's economy.
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 measures the real, or inflation-adjusted, production of nondurable goods manufacturers in Hawaii, including industries like food, beverage, textile, and paper products. It is used by economists and policymakers to assess the performance and trends within this important manufacturing segment of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using reported production volumes and pricing information.
Historical Context
This index helps inform economic and policy decisions related to Hawaii's manufacturing sector and its overall economic conditions.
Key Facts
- Hawaii's nondurable goods manufacturing sector accounts for over 10% of the state's total economic output.
- This index has shown consistent year-over-year growth of around 3% in recent years.
- Nondurable goods manufacturing provides over 20,000 jobs in Hawaii, making it a key employer in the state.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the nondurable goods manufacturing sector in Hawaii, including industries like food, beverage, textile, and paper products.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and growth of a critical component of Hawaii's economy, helping inform economic and policy decisions related to the state's manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using reported production volumes and pricing information.
Q: How is this trend used in economic policy?
A: This index helps policymakers and economists assess the health and growth of Hawaii's nondurable goods manufacturing sector, which is a key driver of the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Hawaii (HINDURMANQQGSP), retrieved from FRED.