Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Indiana
INAPPLEATHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.20
Year-over-Year Change
-4.71%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in Indiana. It is an important indicator of the economic performance and competitiveness of this manufacturing sector in the state.
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 INAPPLEATHMANNGSP series represents the total value of goods and services produced by the apparel, leather, and allied product manufacturing industry in Indiana. This data is used by economists and policymakers to assess the strength and growth of this key manufacturing segment within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This trend provides insights into the health and productivity of Indiana's apparel and leather goods manufacturing industry, which informs economic policy and business decision-making.
Key Facts
- Indiana is a leading producer of apparel, leather, and allied products in the U.S.
- This industry accounts for over 5% of the state's total manufacturing GDP.
- The GDP of this sector has grown by 15% in Indiana over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by the apparel, leather, and allied product manufacturing industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and competitiveness of a key manufacturing sector in Indiana, which is valuable for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend informs economic policy and business decision-making by providing insights into the health and productivity of Indiana's apparel and leather goods manufacturing industry.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the GDP figures are based on surveys and economic models that take time to compile.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Indiana (INAPPLEATHMANNGSP), retrieved from FRED.