Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Montana
MTWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.41
Year-over-Year Change
24.18%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Montana tracks changes in the real output of the warehousing and storage industry in the state. This metric is important for economists and policymakers to assess trends in a 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
The Chain-Type Quantity Index measures changes in the real, inflation-adjusted output of the warehousing and storage industry in Montana. It provides a standardized way to track the productivity and growth of this economic sector over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index formula.
Historical Context
This metric is used by analysts to monitor the health of Montana's logistics industry and evaluate the state's broader economic performance.
Key Facts
- The index is benchmarked to 2012 as the base year.
- Montana's warehousing and storage sector accounts for over 2% of the state's real GDP.
- The index reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Montana tracks changes in the real, inflation-adjusted output of the warehousing and storage industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess trends in a key logistics sector and evaluate the broader economic performance of Montana.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index formula.
Q: How is this trend used in economic policy?
A: This metric is used by analysts to monitor the health of Montana's logistics industry and its impact on the state's overall economic activity.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Montana
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Montana (MTWARESTORQGSP), retrieved from FRED.