Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in South Dakota
SDPRNTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.43
Year-over-Year Change
24.88%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in South Dakota measures the real output of the printing industry in the state. This metric is a key indicator of economic activity and productivity in this important manufacturing 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 tracks the real, inflation-adjusted output of the printing and publishing industry in South Dakota. It is a valuable indicator for economists and policymakers to assess the health and trends of this component of the state's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their GDP-by-industry accounts.
Historical Context
This index can inform decisions around economic development, industrial policy, and targeted support for the printing industry in South Dakota.
Key Facts
- The printing industry accounts for over 2% of South Dakota's total GDP.
- Printing-related employment in the state has declined by 15% since 2010.
- This index uses 2012 as the base year for calculating real, inflation-adjusted output.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in South Dakota measures the real, inflation-adjusted output of the printing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and productivity in an important manufacturing sector for South Dakota, providing valuable insights for economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their GDP-by-industry accounts.
Q: How is this trend used in economic policy?
A: This index can inform decisions around economic development, industrial policy, and targeted support for the printing industry in South Dakota.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in South Dakota (SDPRNTQGSP), retrieved from FRED.