Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the Southeast BEA Region
SESTWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.91
Year-over-Year Change
22.35%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the Southeast BEA Region measures the inflation-adjusted output of the wholesale trade sector in the Southeast region of the United States. This metric is a key indicator of economic activity and productivity in the region.
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 for Real GDP: Wholesale Trade (42) in the Southeast BEA Region tracks the volume of goods traded by wholesalers in the Southeast, providing insights into the region's economic health and trade dynamics. Economists and policymakers use this index to analyze trends in wholesale activity and assess the broader economic conditions in the Southeast.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the Regional Gross Domestic Product (GDP) estimates.
Historical Context
This economic trend is used by policymakers, analysts, and businesses to understand the regional wholesale trade landscape and inform decision-making.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The wholesale trade sector accounts for a significant portion of the Southeast region's GDP.
- The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the Southeast BEA Region is a leading indicator of economic activity in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of the wholesale trade sector in the Southeast region of the United States. It provides insights into the volume of goods traded by wholesalers in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and businesses as it offers insights into the regional wholesale trade landscape and can be used to assess broader economic conditions in the Southeast.
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 the Regional Gross Domestic Product (GDP) estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and businesses to understand the regional wholesale trade landscape and inform decision-making related to economic policy, investments, and business strategy.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the BEA's Regional GDP estimates, which are typically released on a quarterly basis.
Related Trends
Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in the Southeast BEA Region
SESTNATRESMINQGSP
Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in the Southeast BEA Region
SESTOTRANEQMANQGSP
Real Gross Domestic Product: Natural Resources and Mining (11, 21) in the Southeast BEA Region
SESTNATRESMINRGSP
Chain-Type Quantity Index for Real GDP: Information (51) in the Southeast BEA Region
SESTINFOQGSP
Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in the Southeast BEA Region
SESTADMINSUPQGSP
Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Southeast BEA Region
SESTPCECLTH
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the Southeast BEA Region (SESTWHOLEQGSP), retrieved from FRED.