Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Indiana
INTEXTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.88
Year-over-Year Change
27.15%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Indiana measures the real output of the textile manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and productivity of a key 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 tracks the inflation-adjusted value of goods produced by textile mills and textile product mills in Indiana. It provides a quantitative measure of the industry's economic contribution and can inform decisions around industrial policy, investment, and economic development strategies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level production and price information.
Historical Context
Trends in this index are closely watched by industry analysts, state governments, and the Federal Reserve to gauge the strength of regional manufacturing activity.
Key Facts
- Indiana is a leading textile manufacturing state.
- Textile mills and product mills employ over 25,000 workers in the state.
- The industry accounts for over $5 billion in annual economic output.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real, inflation-adjusted output of textile mills and textile product manufacturers in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Changes in this index provide insight into the health and productivity of a key manufacturing sector in the Indiana economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index using state-level production and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge regional manufacturing activity and inform decisions around industrial development and investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Indiana (INTEXTQGSP), retrieved from FRED.