Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Rhode Island
RIELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.15
Year-over-Year Change
-6.86%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Rhode Island tracks the real output of this industry over time, providing insights into productivity and economic growth in this 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 measures the real quantity of goods and services produced by the electrical equipment, appliance, and component manufacturing industry in Rhode Island. It is a key indicator for monitoring trends in this important part of the state's manufacturing economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
Policymakers and economists analyze this index to assess the health and competitiveness of Rhode Island's manufacturing sector.
Key Facts
- The index has a base year of 2012.
- Rhode Island's electrical equipment manufacturing industry accounts for over 5% of the state's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real quantity of goods and services produced by the electrical equipment, appliance, and component manufacturing industry in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the productivity and competitiveness of a key manufacturing sector in the Rhode Island economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this index to assess the health and competitiveness of Rhode Island's manufacturing sector.
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: Electrical Equipment, Appliance, and Component Manufacturing (335) in Rhode Island (RIELCEQAPMANQGSP), retrieved from FRED.