Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in the Southeast BEA Region
SESTTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.34
Year-over-Year Change
23.52%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in the Southeast BEA Region measures the volume of economic output from the truck transportation industry in the Southeast region of the United States. This is a key indicator of activity and productivity in the transportation and 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, inflation-adjusted value of goods and services produced by the truck transportation industry within the Southeast region. It provides insights into the overall health and performance of this critical economic sector, which supports commerce and trade across the region.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for changes in prices and quantities over time.
Historical Context
Policymakers and industry analysts closely monitor this index to assess the regional economy's transportation and logistics capabilities.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Truck transportation accounts for over 80% of freight shipments in the Southeast region by ton-miles.
- The index has a base year of 2012=100.
FAQs
Q: What does this economic trend measure?
A: This index measures the volume of economic output from the truck transportation industry in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the overall health and performance of the critical transportation and logistics sector in the Southeast, which supports commerce and trade across the region.
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 methodology to account for changes in prices and quantities over time.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this index to assess the regional economy's transportation and logistics capabilities.
Q: Are there update delays or limitations?
A: The index is updated quarterly with a typical release lag of 2-3 months.
Related Trends
Gross Domestic Product: Oil and Gas Extraction (211) in the Southeast BEA Region
SESTOILGASNGSP
Gross Domestic Product: Manufacturing (31-33) in the Southeast BEA Region
SESTMANNGSP
Gross Domestic Product: Insurance Carriers and Related Activities (524) in the Southeast BEA Region
SESTINSCRANGSP
Real Gross Domestic Product: Government and Government Enterprises (92) in the Southeast BEA Region
SESTGOVRGSP
Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in the Southeast BEA Region
SESTFRSTFISHQGSP
Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in the Southeast BEA Region
SESTCPUELCPMANNGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in the Southeast BEA Region (SESTTRUCKTRANQGSP), retrieved from FRED.