Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Indiana
INMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.68
Year-over-Year Change
78.55%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Indiana measures the real output of the management industry in the state. This economic indicator provides insights into the productivity and growth of a key service 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
The Chain-Type Quantity Index tracks the volume of real GDP output for the management of companies and enterprises industry in Indiana. This metric is used by economists and policymakers to analyze trends in service-sector productivity and understand the broader health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This economic indicator is relevant for understanding Indiana's business climate and informing economic development policies.
Key Facts
- The index is based on 2012 as the reference year.
- The management of companies and enterprises industry accounts for 3.3% of Indiana's GDP.
- The index has shown steady growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Indiana measures the real output of the management industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and growth of a key service sector, which is useful for understanding Indiana's business climate and informing economic development policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding Indiana's business climate and informing economic development policies.
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: Management of Companies and Enterprises (55) in Indiana (INMNGCOENTPRQGSP), retrieved from FRED.