Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the Southeast BEA Region
SESTSAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.10
Year-over-Year Change
-14.21%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the Southeast BEA Region measures the inflation-adjusted output of the mining support sector in the Southeast United States. This indicator provides insights into the economic health and productivity of the regional mining industry.
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 volume of goods and services produced by companies that provide support services for the mining industry, such as exploration, drilling, and well servicing, within the Southeast BEA region. It is a key indicator for understanding the trends and dynamics of the regional mining economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level GDP information.
Historical Context
Policymakers and industry analysts use this index to monitor the performance and outlook of the mining support sector in the Southeast, which can inform economic and energy policy decisions.
Key Facts
- The index is based on 2012 as the reference year (2012=100).
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Mining support services account for a significant portion of economic activity in many Southeastern states.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the Southeast BEA Region measures the inflation-adjusted output of the mining support sector in the Southeast United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the economic health and productivity of the regional mining industry, which is an important part of the economy in many Southeastern states.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level GDP information.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to monitor the performance and outlook of the mining support sector in the Southeast, which can inform economic and energy policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delay in the availability of the most recent figures.
Related Trends
Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in the Southeast BEA Region
SESTPRNTQGSP
Per Capita Personal Income in the Southeast BEA Region
BEASEPCPI
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Southeast BEA Region
SESTPCEFCENPISH
Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in the Southeast BEA Region
SESTEDHLTHSOCASSQGSP
Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Southeast BEA Region
SESTPCEODURG
Chain-Type Quantity Index for Real GDP: All Industry Total in the Southeast BEA Region
SESTQQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in the Southeast BEA Region (SESTSAMINQGSP), retrieved from FRED.