Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Connecticut
CTFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.51
Year-over-Year Change
-20.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Connecticut measures the real output of the financial sector in the state.
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 volume of economic activity in Connecticut's banking, credit, and related financial services industries. It is used by economists and policymakers to gauge the health and growth of the state's financial sector.
Methodology
The data is calculated by the U.S. Federal Reserve using proprietary methods.
Historical Context
Trends in this index are closely watched for insights into Connecticut's overall economic performance and the state's financial services industry.
Key Facts
- The index is published quarterly by the U.S. Federal Reserve.
- Connecticut's financial services industry accounts for a significant portion of the state's economy.
- The index can signal changes in employment, investment, and other economic conditions in the sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Connecticut's financial services industry, including banking, credit intermediation, and related activities.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Connecticut's financial sector is important for understanding the state's overall economic conditions and growth prospects.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using proprietary methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the health and growth of Connecticut's financial services industry, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Connecticut (CTFRBCIQGSP), retrieved from FRED.