Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Wisconsin
WIELCEQAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.00
Year-over-Year Change
-20.09%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Wisconsin measures the inflation-adjusted output of this key manufacturing sector 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 changes in the real production volume of electrical equipment, appliance, and component manufacturing firms located in Wisconsin. It is a valuable indicator of activity and competitiveness within a critical state industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates.
Historical Context
Analysts and policymakers use this index to assess the health and trajectory of Wisconsin's manufacturing economy.
Key Facts
- Wisconsin is a top state for electrical equipment manufacturing.
- This index reflects production volumes, not just sales.
- The data is released quarterly with the national GDP estimates.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output or production volumes of electrical equipment, appliance, and component manufacturing firms located in Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and competitiveness of a crucial manufacturing sector within the Wisconsin economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimation process.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the performance and trajectory of Wisconsin's manufacturing economy, which has important implications for employment, investment, and overall state-level economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly, in alignment with the national GDP estimates, so there may be a short delay before the most recent figures are available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Wisconsin (WIELCEQAPMANQGSP), retrieved from FRED.