Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Connecticut
CTCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.15
Year-over-Year Change
27.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry in Connecticut. It provides insights into the production and economic activity in this key 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 for real GDP is a measure of the real output of an industry, adjusting for price changes over time. This trend specifically tracks the computer and electronic product manufacturing industry in Connecticut, which is a major contributor to the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists and policymakers to analyze the performance and productivity of Connecticut's manufacturing sector.
Key Facts
- The computer and electronic product manufacturing industry accounts for over 10% of Connecticut's GDP.
- This trend has shown steady growth over the past decade, reflecting the state's strength in high-tech industries.
- Connecticut is home to many leading technology and aerospace companies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry in Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the production and economic activity of a key industry in Connecticut, which is important for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the performance and productivity of Connecticut's manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Connecticut (CTCPUELCPMANQGSP), retrieved from FRED.