Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Indiana
INFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.28
Year-over-Year Change
-14.61%
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 Indiana measures the real output of this industry in the state. It is an important indicator for policymakers and analysts to assess economic activity and productivity in the financial services 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
This index provides a measure of the real (inflation-adjusted) volume of goods and services produced by monetary authorities, banks, and other credit intermediaries in Indiana. It is calculated as a chain-weighted index, which adjusts for changes in the composition of the industry over time.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through industry surveys and government reporting.
Historical Context
This trend is closely watched by the Federal Reserve and other policymakers to monitor the health of the financial services industry and its contribution to overall state economic performance.
Key Facts
- The index is calculated using a chain-weighted methodology.
- It covers a broad range of financial industry subsectors.
- Indiana is a major financial services hub in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of the monetary authorities, banking, and other credit intermediation industries in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of economic activity and productivity in a key sector of the Indiana economy, providing insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through industry surveys and government reporting, and the index is calculated using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other policymakers to assess the health of the financial services industry and its contribution to overall state economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be lags or revisions due to the comprehensive nature of the industry coverage and data collection process.
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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 Indiana (INFRBCIQGSP), retrieved from FRED.