Index of Wholesale Trade Sales, Drugs for Federal Reserve District 7: Chicago
M06047USFRB07M355NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.60
Year-over-Year Change
-15.25%
Date Range
1/1/1923 - 12/1/1938
Summary
The Index of Wholesale Trade Sales, Drugs for Federal Reserve District 7: Chicago measures the sales volume of wholesale trade in the drug industry for the Chicago region. This data provides insight into economic activity and demand trends in the pharmaceutical supply chain.
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 Index of Wholesale Trade Sales, Drugs for Federal Reserve District 7: Chicago is a key indicator of wholesale trade activity in the pharmaceutical industry for the Chicago metropolitan area. It tracks the sales volume of drugs and related products by wholesale distributors, which is an important component of overall economic output and a barometer of healthcare sector performance.
Methodology
The data is collected through surveys of wholesale trade businesses in the Chicago region and aggregated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this index to assess economic conditions and consumer demand patterns in the local healthcare and pharmaceutical markets.
Key Facts
- The index is published monthly by the U.S. Federal Reserve.
- The base year for the index is 2012.
- Chicago is one of 12 Federal Reserve districts in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Index of Wholesale Trade Sales, Drugs for Federal Reserve District 7: Chicago measures the sales volume of wholesale trade in the pharmaceutical industry for the Chicago metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into economic activity and demand trends in the local healthcare and pharmaceutical supply chain, which is useful for policymakers, businesses, and analysts assessing regional market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale trade businesses in the Chicago region and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess economic conditions and consumer demand patterns in the local healthcare and pharmaceutical markets, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Index of Wholesale Trade Sales, Drugs for Federal Reserve District 7: Chicago (M06047USFRB07M355NNBR), retrieved from FRED.