Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Connecticut
CTTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.92
Year-over-Year Change
27.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Connecticut measures the inflation-adjusted output of the truck transportation industry in the state. This metric is a key indicator of economic activity and productivity in the logistics and supply chain sectors.
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 series represents the real, volume-based output of the truck transportation industry in Connecticut, a crucial component of the state's overall economic performance. The index is used by economists and policymakers to analyze trends in logistics, transportation, and the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using deflated industry-level GDP data.
Historical Context
Trends in this index inform economic policy decisions and market analysis related to the transportation and logistics industries.
Key Facts
- The index is based on 2012 as the reference year.
- Connecticut's truck transportation industry accounts for over 4% of the state's total GDP.
- The index has shown steady growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Connecticut measures the real, inflation-adjusted output of the truck transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and productivity in the logistics and supply chain sectors, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using deflated industry-level GDP data.
Q: How is this trend used in economic policy?
A: Trends in this index are used by economists and policymakers to analyze the transportation and logistics industries, which are critical to the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Connecticut (CTTRUCKTRANQGSP), retrieved from FRED.