Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Mississippi
MSRENTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.59
Year-over-Year Change
87.39%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Mississippi measures the volume of economic activity in the rental and leasing industry in the state. This metric is crucial for understanding the health and trends of Mississippi's service 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 real (inflation-adjusted) quantity of output from businesses providing rental and leasing services, as well as those leasing intangible assets, within the state of Mississippi. Economists and policymakers use this data to assess the broader performance of Mississippi's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
Trends in this index can inform economic and policy decisions related to Mississippi's service industry and broader economic conditions.
Key Facts
- The index has a base year of 2012.
- This metric covers approximately 2% of Mississippi's total GDP.
- Rental and leasing services account for a significant portion of the state's service sector output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of output from businesses providing rental and leasing services, as well as those leasing intangible assets, within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into the performance of Mississippi's service sector, which is an important component of the state's overall economic activity.
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 accounts methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the broader economic conditions and trends in Mississippi, which can inform policy decisions related to the state's service industry.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Mississippi (MSRENTQGSP), retrieved from FRED.