Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Louisiana
LAPRNTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.33
Year-over-Year Change
-22.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the printing and related support activities sector (NAICS 323) in Louisiana. It provides insights into the production and economic activity within this important industry.
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 tracks changes in the real, inflation-adjusted output of the printing and related support activities sector in Louisiana over time. This metric is used by economists and policymakers to analyze industry-level economic performance and productivity.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on the value and prices of goods and services produced in this sector.
Historical Context
This trend is relevant for understanding regional economic conditions and the health of Louisiana's manufacturing base.
Key Facts
- The index has a base year of 2012.
- Printing and related support activities account for about 1.3% of Louisiana's real GDP.
- The index reached a high of 118.19 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the printing and related support activities sector (NAICS 323) in Louisiana. It tracks changes in the real, inflation-adjusted output of this industry over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production and economic activity within Louisiana's printing and related support activities sector, which is an important part of the state's manufacturing base. Economists and policymakers use this data to analyze industry-level performance and productivity.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on the value and prices of goods and services produced in the printing and related support activities sector.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding regional economic conditions and the health of Louisiana's manufacturing sector, which is valuable information for policymakers and economic analysts.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a delay of several months, so there may be lags in the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Louisiana (LAPRNTQGSP), retrieved from FRED.