Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Wisconsin
WIPRNTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.10
Year-over-Year Change
-22.29%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Wisconsin measures the real output volume of the printing industry in the state. This metric is important for economists and policymakers to assess the health and trends of a key manufacturing 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 tracks the real, inflation-adjusted production of printing and related activities in Wisconsin. It provides a measure of the industry's contribution to the state's overall economic output and can signal shifts in demand, productivity, and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
This index is used by analysts and policymakers to monitor the printing industry's role in Wisconsin's economy and identify economic trends.
Key Facts
- Wisconsin is a major printing hub in the Midwest.
- The printing industry accounts for over 20,000 jobs in the state.
- Production has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Wisconsin measures the real, inflation-adjusted output of the printing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the health and performance of a key manufacturing sector in Wisconsin's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Q: How is this trend used in economic policy?
A: This index is used by analysts and policymakers to monitor the printing industry's role in Wisconsin's economy and identify economic trends.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the printing industry's performance.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Wisconsin (WIPRNTQGSP), retrieved from FRED.