Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Wisconsin
WIWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.35
Year-over-Year Change
65.77%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Wisconsin measures the inflation-adjusted volume of output in the warehousing and storage industry within the state. This metric is a key indicator of economic activity and productivity in the logistics 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 changes in the real, or inflation-adjusted, production levels of the warehousing and storage industry in Wisconsin. It is a useful gauge of supply chain dynamics and the overall health of the state's logistics infrastructure.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using data on the physical quantity of goods handled by warehousing and storage firms.
Historical Context
Policymakers and industry analysts monitor this index to assess Wisconsin's competitive position in logistics and distribution.
Key Facts
- Wisconsin is a major logistics hub in the Midwest.
- The warehousing and storage industry accounts for over 30,000 jobs in the state.
- This index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Wisconsin measures the inflation-adjusted volume of output in the state's warehousing and storage industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and productivity in Wisconsin's logistics sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on the physical quantity of goods handled by warehousing and storage firms in Wisconsin.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this index to assess Wisconsin's competitive position in logistics and distribution, which informs decisions around infrastructure investment and business development.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Wisconsin (WIWARESTORQGSP), retrieved from FRED.