Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Tennessee
TNRETAILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.59
Year-over-Year Change
62.73%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Tennessee measures the real output of the retail trade sector in the state. This metric is important for economists and policymakers to assess the health and growth of the Tennessee economy.
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 provides a measure of the real, inflation-adjusted output of the retail trade industry in Tennessee. It is a key indicator of consumer spending and economic activity in the state, and is used by analysts to evaluate the performance of the broader Tennessee economy.
Methodology
The data is calculated based on survey responses from retail businesses in Tennessee.
Historical Context
This index is closely monitored by economists, investors, and policymakers to understand broader trends in the Tennessee economy.
Key Facts
- Tracks real output of retail industry in Tennessee
- Important indicator of consumer spending and economic activity
- Data based on survey responses from retail businesses
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the retail trade sector in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer spending and overall economic activity in Tennessee, making it important for economists, investors, and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is calculated based on survey responses from retail businesses operating in Tennessee.
Q: How is this trend used in economic policy?
A: This index is closely watched by analysts and policymakers to understand broader trends and the performance of the Tennessee economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions common for economic indicators.
Related Trends
Gross Domestic Product: Military in Tennessee
TNGOVFEDMILNGSP
Average Hourly Earnings of All Employees: Education and Health Services in Tennessee
SMU47000006500000003A
90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Tennessee
PECIUBU18TN47000A647NCEN
All Employees: Manufacturing: Durable Goods: Nonmetallic Mineral Product Manufacturing in Tennessee
SMU47000003132700001
Real Gross Domestic Product: Private Industries in Tennessee
TNPIRQGSP
Average Weekly Hours of All Employees: Education and Health Services in Tennessee
SMU47000006500000002A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Tennessee (TNRETAILQGSP), retrieved from FRED.