Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Indiana
INDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,766.40
Year-over-Year Change
-0.20%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Indiana is an economic indicator that measures the inflation-adjusted output of the durable goods manufacturing sector in the state of Indiana.
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 trend provides insight into the performance and growth of Indiana's durable goods manufacturing industry, which is a key driver of the state's economy. Economists and policymakers use this data to assess the health and competitiveness of the state's manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used to inform economic policy decisions and guide investment decisions in Indiana's manufacturing industry.
Key Facts
- Indiana's durable goods manufacturing sector accounts for over 20% of the state's GDP.
- The trend has shown steady growth over the past decade, indicating a robust manufacturing industry.
- Durable goods manufacturing is a key driver of job creation and economic activity in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of the durable goods manufacturing sector in the state of Indiana, which includes industries such as machinery, transportation equipment, and furniture manufacturing.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and competitiveness of Indiana's manufacturing industry, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis, the federal agency responsible for measuring and analyzing economic activity.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to inform decisions related to economic development, trade, and workforce development policies in Indiana's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, and there may be a delay of several months before the latest figures are released.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Indiana (INDURMANRQGSP), retrieved from FRED.