Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in the Great Lakes BEA Region
GLAKPRNTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.14
Year-over-Year Change
-23.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the volume of economic output in the Printing and Related Support Activities (323) industry within the Great Lakes Bureau of Economic Analysis (BEA) region. This metric is a key indicator of productivity and growth in this important manufacturing 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 is a chained-dollar measure that adjusts for inflation, allowing for accurate comparisons of real output over time. It is used by economists and policymakers to analyze trends in industrial production and regional economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
This index provides insight into the health and competitiveness of the printing industry, which has broad implications for the manufacturing and commercial sectors in the Great Lakes region.
Key Facts
- The Great Lakes region accounts for over 25% of U.S. printing industry GDP.
- Printing and related activities make up nearly 10% of total manufacturing output in the Great Lakes states.
- This index has shown steady growth averaging 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP measures the real, inflation-adjusted volume of economic output in the Printing and Related Support Activities industry within the Great Lakes BEA region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the productivity and competitiveness of a key manufacturing sector, with implications for the broader regional economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the health of the printing industry and make informed decisions regarding regional economic development, trade, and industrial policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months. While comprehensive, the regional scope may limit direct comparisons to national trends.
Related Trends
Resident Population in the Great Lakes BEA Region
BEAGLPOP
Gross Domestic Product: Transportation and Utilities (22, 48-49) in the Great Lakes BEA Region
GLAKTRANSUTILNGSP
Real Gross Domestic Product: Water Transportation (483) in the Great Lakes BEA Region
GLAKWATTRANRGSP
Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the Great Lakes BEA Region
GLAKPETCOALMANRGSP
Real Gross Domestic Product: Transportation and Warehousing (48-49) in the Great Lakes BEA Region
GLAKTRANSWARERQGSP
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in the Great Lakes BEA Region
GLAKDURMANRQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in the Great Lakes BEA Region (GLAKPRNTQGSP), retrieved from FRED.