Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Montana
MTRENTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.51
Year-over-Year Change
52.36%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Montana measures the inflation-adjusted output of this industry in the state.
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, price-adjusted production in the rental and leasing services sector in Montana. It is a key indicator of the health and growth of this industry, which includes the rental of equipment, intellectual property, and other intangible assets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely watched by policymakers and economists to assess the state's economic performance and business investment climate.
Key Facts
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
- The base year for the index is 2012.
- The rental and leasing services industry accounts for over 2% of Montana's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of the rental and leasing services industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of business investment and economic activity in Montana, as the rental and leasing sector is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the performance and investment climate of Montana's economy.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical 2-3 month delay after the end of each reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Montana (MTRENTQGSP), retrieved from FRED.