Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Nebraska
NEWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.19
Year-over-Year Change
44.32%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Nebraska measures the real output of the warehousing and storage industry in the state. This metric is important for economists and policymakers to assess economic activity and growth within the logistics 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 volume of goods and materials handled by warehousing and storage facilities in Nebraska, a key indicator of commercial and industrial activity. It is used to analyze trends in the state's logistics infrastructure and identify shifts in supply chain dynamics.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the warehousing and storage industry.
Historical Context
Policymakers use this index to inform infrastructure investments and support the efficiency of Nebraska's logistics networks.
Key Facts
- The index uses 2012 as the base year with a value of 100.
- Nebraska's warehousing and storage industry accounts for over 2% of the state's real GDP.
- The index has shown steady growth, increasing by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the warehousing and storage industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the logistics and supply chain activity within the Nebraska economy, which is crucial for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the warehousing and storage industry.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform infrastructure investments and support the efficiency of Nebraska's logistics networks.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Federal Reserve, with a typical 2-month publication delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Nebraska (NEWARESTORQGSP), retrieved from FRED.