Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Louisiana
LAWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.15
Year-over-Year Change
-15.89%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Louisiana measures the real output of the warehousing and storage industry in the state. This data is important for economists and policymakers to understand economic activity and trends in the logistics 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 tracks the quantity of goods and materials stored and transported by warehouses and distribution centers in Louisiana. It provides insight into the state's logistics infrastructure and serves as a proxy for the overall economic health of the warehousing and distribution industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP-by-industry accounts.
Historical Context
Analysts and policymakers use this index to monitor the performance of Louisiana's logistics and supply chain sectors.
Key Facts
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
- The base year for the index is 2012.
- Louisiana is a major hub for logistics and distribution in the Gulf Coast region.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or quantity of goods and materials handled by the warehousing and storage industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and performance of Louisiana's logistics and supply chain sectors, which are key drivers of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP-by-industry accounts.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to monitor the performance of Louisiana's logistics and supply chain sectors, which are important for the state's overall economic development and competitiveness.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Louisiana (LAWARESTORQGSP), retrieved from FRED.