Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Mississippi
MSWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.04
Year-over-Year Change
102.33%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Mississippi measures the inflation-adjusted output of the warehousing and storage industry in the state. It provides insight into the economic performance of this key 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 changes in the real, price-adjusted value of goods and services produced by the warehousing and storage industry in Mississippi. It is a useful indicator of activity and productivity in this critical supply chain component for the state's economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on the physical quantity of goods stored and handled.
Historical Context
Policymakers and analysts monitor this metric to assess the health of Mississippi's logistics infrastructure and broader economic conditions.
Key Facts
- Mississippi's warehousing and storage industry accounts for over 10,000 jobs.
- The index has grown by 20% over the past decade.
- Warehousing is a key logistics hub for the state's manufacturing and agriculture sectors.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the warehousing and storage industry in Mississippi. It tracks changes in the real value of goods and services produced by this sector.
Q: Why is this trend relevant for users or analysts?
A: The warehousing and storage industry is a critical component of Mississippi's logistics infrastructure and supply chains. Monitoring this index provides insight into the economic performance and productivity of this key sector.
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 physical quantity of goods stored and handled by the warehousing and storage industry in Mississippi.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health of Mississippi's logistics capabilities and broader economic conditions. It is a valuable indicator for informing infrastructure investment, supply chain management, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to historical values as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Mississippi (MSWARESTORQGSP), retrieved from FRED.