Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Rhode Island
RIPRNTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.38
Year-over-Year Change
19.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Rhode Island measures the real output of the printing industry in the state. This metric is important for economists and policymakers to understand regional economic trends and industry-level performance.
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 inflation-adjusted production volume of the printing and related support activities sector in Rhode Island. It is a key indicator of the health and productivity of this key industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Trends in this index are closely monitored by state economic development agencies and industry groups to inform policy and investment decisions.
Key Facts
- Printing is a key industry in Rhode Island's economy.
- The index uses a chain-type formula to track real production volumes.
- The data is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or production volume of the printing and related support activities industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into the performance and productivity of a key manufacturing sector within Rhode Island's economy, which is valuable information for policymakers, industry groups, and economic analysts.
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 quantity index formula.
Q: How is this trend used in economic policy?
A: State economic development agencies and industry groups closely monitor this index to inform policy decisions and investment strategies related to the printing industry in Rhode Island.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag 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: Printing and Related Support Activities (323) in Rhode Island (RIPRNTQGSP), retrieved from FRED.