Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Mississippi
MSRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.65
Year-over-Year Change
24.83%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Mississippi measures the real output of the retail trade sector in the state. It is a key indicator of economic activity and consumer spending.
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 inflation-adjusted volume of goods and services produced by Mississippi's retail trade industry. It is used by economists and policymakers to assess the health of the state's economy and consumer demand.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using advanced statistical methods.
Historical Context
Trends in this index provide insight into the broader Mississippi economy and consumer spending patterns.
Key Facts
- The index is seasonally adjusted.
- Base year is 2012 = 100.
- Data is released quarterly.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Mississippi measures the real, inflation-adjusted output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into the health of Mississippi's economy and consumer spending patterns, which are important indicators for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using advanced statistical methods.
Q: How is this trend used in economic policy?
A: Trends in this index are used by economists and policymakers to assess the state of the Mississippi economy and consumer demand, which informs economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Mississippi (MSRETAILQQGSP), retrieved from FRED.