Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Utah
UTCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.64
Year-over-Year Change
55.68%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Utah measures the real output of the computer and electronics manufacturing industry in the state. This metric is important for economists and policymakers to assess the productivity and competitiveness of this key 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 production from computer and electronic product manufacturers in Utah, adjusting for price changes over time. It provides insight into the growth and contribution of this sector to the state's overall economic performance.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments.
Historical Context
This index informs analysis of Utah's technology and innovation economy, as well as policies supporting the state's industrial base.
Key Facts
- Utah's computer and electronics manufacturing accounts for over 10% of the state's GDP.
- This industry has grown by 15% in the past 5 years.
- The U.S. is a global leader in computer and semiconductor production.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the computer and electronic product manufacturing industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and competitiveness of a key high-tech industry in Utah, informing economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of manufacturing establishments in Utah.
Q: How is this trend used in economic policy?
A: This index informs analysis of Utah's technology and innovation economy, as well as policies supporting the state's industrial base.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, reflecting the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Utah (UTCPUELCPMANQGSP), retrieved from FRED.