Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Indiana
Quarterly, Seasonally Adjusted
INOTHSERVEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.77
Year-over-Year Change
-6.94%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted' series measures the quarterly gross output in the Other Services industry sector, adjusted for seasonal variations. This metric provides insights into the overall health and growth trajectory of the U.S. service economy.
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 Other Services industry sector encompasses a diverse range of businesses, from personal care services to religious organizations. Tracking the quarterly gross output in this sector helps economists and policymakers understand the broader service industry's performance and its contribution to the nation's economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
Economists and investors monitor this trend to assess the service sector's role in the overall U.S. economic landscape and to inform policy decisions.
Key Facts
- The Other Services sector accounts for over 4% of total U.S. gross domestic product.
- Quarterly gross output in this sector has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic caused a significant decline in Other Services output in 2020, but the sector has since rebounded.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' series measures the gross output, or total sales, of the Other Services industry sector in the United States on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of the diverse service industry sector, which is a critical component of the broader U.S. economy. Economists and policymakers use this data to assess the health and trajectory of the service economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to understand the service sector's contribution to overall economic activity and to inform decisions related to economic stimulus, industry regulations, and other policy measures.
Q: Are there update delays or limitations?
A: The quarterly data is typically released with a lag of approximately two months, allowing for the collection and processing of the necessary information. There may also be occasional revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (INOTHSERVEQQGSP), retrieved from FRED.