Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Indiana
INNDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.30
Year-over-Year Change
22.90%
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 Indiana measures the real output of nondurable goods manufacturing industries in the state. This metric is crucial for analyzing the health and productivity of Indiana's 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
This index provides a comprehensive measure of the real volume of production from nondurable goods manufacturers in Indiana, including industries such as food, beverage, textile, apparel, paper, and chemical production. Economists and policymakers use this data to gauge the strength of the state's economy and inform decision-making.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using production data and price deflators.
Historical Context
This metric helps assess the performance of Indiana's manufacturing industry, which is a key driver of the state's economy.
Key Facts
- Indiana is a major manufacturing hub, contributing over $100 billion to the state's GDP.
- Nondurable goods account for over 40% of Indiana's total manufacturing output.
- The index has shown steady growth in Indiana's nondurable goods production since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Indiana measures the real output or production volume of nondurable goods manufacturing industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing the health and productivity of Indiana's manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using production data and price deflators.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to gauge the strength of Indiana's economy and inform decision-making related to manufacturing, trade, and economic development.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a delay of several months.
Related Trends
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Indiana
SMU18000004000000011
Real Gross Domestic Product: Private Goods-Producing Industries in Indiana
INPRIGOODPRORGSP
Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Indiana
INWARESTORQGSP
All Employees: Government: Federal Government in Indiana
SMS18000009091000001
Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Indiana
SMU18000006500000003
Gross Domestic Product: Utilities (22) in Indiana
INUTILNGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Indiana (INNDURMANQQGSP), retrieved from FRED.