Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Pennsylvania
PADURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.54
Year-over-Year Change
1.19%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Pennsylvania measures the real output of the durable goods manufacturing sector in the state. This metric is important for economists and policymakers to assess the health and trends of a key component of the state's economy.
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 represents the real, inflation-adjusted production of durable goods manufacturing industries in Pennsylvania, including categories such as computer and electronic products, transportation equipment, and furniture. It is a valuable indicator of economic activity and investment in the state's industrial base.
Methodology
The data is calculated based on survey responses from manufacturing firms in Pennsylvania.
Historical Context
This metric provides insight into the performance and competitiveness of Pennsylvania's durable goods manufacturing sector, which is closely watched by policymakers and analysts.
Key Facts
- Pennsylvania is a major center of durable goods manufacturing in the U.S.
- The index has shown steady growth since the 2008-2009 recession.
- Durable goods production is a key driver of employment and investment in the state.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of durable goods manufacturing industries in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and competitiveness of a critical sector of Pennsylvania's economy, making it relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on survey responses from manufacturing firms in Pennsylvania.
Q: How is this trend used in economic policy?
A: This index is closely watched by policymakers and analysts as an indicator of economic activity and investment in Pennsylvania's industrial base, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of Federal Reserve economic indicators.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Pennsylvania (PADURMANQQGSP), retrieved from FRED.