Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in South Carolina
SCNDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.21
Year-over-Year Change
12.33%
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 South Carolina measures the inflation-adjusted output of the nondurable manufacturing sector in the state. This key economic indicator provides insights into the strength and performance of South Carolina's manufacturing industry.
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 real, volume-based production of nondurable goods manufacturing industries in South Carolina, including food, beverage, textile, apparel, paper, and chemical products. It is used by economists and policymakers to assess the health and competitiveness of the state's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
Trends in this index can inform economic and industrial policies aimed at supporting South Carolina's manufacturing sector.
Key Facts
- The index has a base year of 2012.
- Nondurable goods account for over 30% of South Carolina's total manufacturing output.
- The state's nondurable manufacturing sector employs over 100,000 workers.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, volume-based output of nondurable goods manufacturing industries in South Carolina, including food, textiles, chemicals, and more.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into the performance and competitiveness of South Carolina's manufacturing base, which is a critical driver of the state's 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: Movements in this index can inform economic and industrial policies aimed at supporting and strengthening South Carolina's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in South Carolina (SCNDURMANQQGSP), retrieved from FRED.