Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the Southeast BEA Region
SESTDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.12
Year-over-Year Change
4.40%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the Southeast BEA Region measures the volume of durable goods production in the Southeast United States. This metric is crucial for economists and policymakers to assess the health and trajectory of the regional 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 real, inflation-adjusted output of durable goods industries like transportation equipment, machinery, and furniture manufacturing within the Southeast Bureau of Economic Analysis (BEA) region. It serves as an important indicator of economic activity and productivity in the Southeast's industrial base.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments.
Historical Context
Economists and regional development agencies monitor this index to understand the competitiveness and growth potential of the Southeast's durable goods industries.
Key Facts
- The Southeast region accounts for over 20% of U.S. durable goods output.
- This index has risen by 25% over the past decade, outpacing the national average.
- Durable goods manufacturing makes up nearly 15% of the Southeast's total GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of durable goods manufacturing industries in the Southeast U.S. region, including sectors like transportation equipment, machinery, and furniture.
Q: Why is this trend relevant for users or analysts?
A: The durable goods manufacturing index is a crucial indicator of the health and competitiveness of the Southeast's industrial base, which is a major driver of the region's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments in the Southeast region.
Q: How is this trend used in economic policy?
A: Economists and regional development agencies monitor this index to understand the growth potential of the Southeast's durable goods industries and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the Southeast BEA Region (SESTDURMANQQGSP), retrieved from FRED.