Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Wisconsin
WICPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.02
Year-over-Year Change
16.34%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry in Wisconsin. It provides insights into the production and economic output of this key 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 for real GDP in the computer and electronic product manufacturing industry tracks the real, inflation-adjusted output of this important Wisconsin industry. It is a valuable indicator of economic activity and productivity in this high-tech manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production and price indices.
Historical Context
This trend is closely watched by policymakers, analysts, and businesses to gauge the health and performance of Wisconsin's technology manufacturing base.
Key Facts
- Wisconsin is a major hub for computer and electronics manufacturing.
- This industry accounts for over 10% of the state's total GDP.
- The chain-type quantity index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry in Wisconsin. It tracks the real, inflation-adjusted output of this key sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the production and economic performance of Wisconsin's technology manufacturing base, which is a critical component 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 using industry-level production and price indices.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and businesses to gauge the health and competitiveness of Wisconsin's computer and electronics manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a slight delay, but it provides a reliable and comprehensive view of activity in this industry.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Wisconsin (WICPUELCPMANQGSP), retrieved from FRED.