Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Indiana
INRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.01
Year-over-Year Change
27.01%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Indiana measures the inflation-adjusted output of the retail trade sector in the state. This metric is a key indicator of economic activity and consumer spending patterns.
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 of retail sales in Indiana, adjusting for changes in prices. It provides insights into the health and growth of the state's retail industry, which is an important component of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index approach.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of consumer demand and the broader economic conditions in Indiana.
Key Facts
- The index is based on 2012 as the reference year.
- Indiana's retail trade sector accounts for a significant portion of the state's GDP.
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of the retail trade sector in the state of Indiana. It provides a gauge of the real volume of retail sales and consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Indiana is a key indicator of economic activity and consumer demand within the state. It is closely monitored by policymakers, economists, and market analysts to assess the health of the Indiana economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index approach, which adjusts for changes in prices to provide a measure of real, inflation-adjusted output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the strength of consumer demand and overall economic conditions in Indiana. It informs decision-making related to fiscal and monetary policies, as well as market strategies for businesses operating in the state.
Q: Are there update delays or limitations?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Indiana is published quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of several months between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Indiana (INRETAILQQGSP), retrieved from FRED.