Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Wisconsin
WIPAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.21
Year-over-Year Change
0.01%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Wisconsin measures the real output of the paper manufacturing industry in the state. This metric is important for economists and policymakers to understand industry-level economic activity and productivity.
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 (inflation-adjusted) quantity of goods and services produced by the paper manufacturing industry in Wisconsin. It provides a comprehensive measure of the industry's economic performance and helps analysts assess its contribution to the state's overall economic growth.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis and calculated using a chain-type index formula.
Historical Context
This index is used by economists, industry analysts, and policymakers to monitor the health and competitiveness of Wisconsin's paper manufacturing sector.
Key Facts
- Wisconsin is a major center for paper production in the United States.
- The paper manufacturing industry accounts for a significant portion of the state's economic output.
- This index has shown steady growth in the sector's real production over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Wisconsin measures the real, inflation-adjusted output of the paper manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding the economic performance and productivity of Wisconsin's paper manufacturing sector, which is a significant contributor to the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis and calculated using a chain-type index formula.
Q: How is this trend used in economic policy?
A: Economists, industry analysts, and policymakers use this index to monitor the health and competitiveness of Wisconsin's paper manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in Wisconsin (WIPAPMANQGSP), retrieved from FRED.