Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Illinois
ILDURMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.08
Year-over-Year Change
-18.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the durable goods manufacturing sector of Illinois, including industries such as transportation equipment, furniture, and machinery.
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 for real GDP in Illinois's durable goods manufacturing sector is a key indicator of economic activity and productivity in this important industrial segment. It provides insight into the changing volume of output over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely watched by policymakers, analysts, and businesses to gauge the health and trajectory of Illinois's manufacturing economy.
Key Facts
- Illinois is a major manufacturing hub in the U.S.
- Durable goods account for a significant portion of the state's economic output.
- This index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the durable goods manufacturing sector of Illinois, providing insight into the changing volume of output over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and productivity in Illinois's important manufacturing sector, and is closely watched by policymakers, analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to gauge the health and trajectory of Illinois's manufacturing economy, informing economic decisions and policies.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with some potential for minor delays or revisions.
Related Trends
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Illinois
ILRETAILQQGSP
Number of Identified Exporters to Peru from Illinois
ILPERA475SCEN
All Employees: Professional and Business Services: Business Support Services in Illinois
SMU17000006056140001
All Employees: Health Care: Offices of Physicians in Illinois
SMU17000006562110001A
Average Weekly Hours of All Employees: Financial Activities in Illinois
SMU17000005500000002
Average Weekly Earnings of Production Employees: Manufacturing in Illinois
SMU17000003000000030
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Illinois (ILDURMANQGSP), retrieved from FRED.