Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Utah
UTMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.01
Year-over-Year Change
6.46%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Utah measures the real economic output of the management industry in Utah. This metric is crucial for economists and policymakers to assess the health and productivity of this key 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 provides a quantitative measure of the real gross domestic product (GDP) generated by the management of companies and enterprises industry in the state of Utah. It is a vital indicator of the overall economic performance and productivity trends within this important business services sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using detailed industry-level GDP information.
Historical Context
This economic indicator helps inform decisions by policymakers, businesses, and investors regarding market conditions and industry performance within Utah.
Key Facts
- Utah's management industry accounts for over 5% of the state's total GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- The management sector is one of the fastest-growing industries in Utah's economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or GDP generated by the management of companies and enterprises 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 performance of a key business services sector within Utah's economy, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and 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: This index helps inform decisions by policymakers, businesses, and investors regarding market conditions and industry performance within Utah's economy.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the information is compiled from comprehensive industry-level GDP statistics.
Related Trends
Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Utah
UTWATTRANQGSP
All Employees: Government: Federal Government in Utah
SMS49000009091000001
Number of Identified Exporters to Germany from Utah
UTDEUA475SCEN
Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Utah
UTFRBCINGSP
Estimated Percent of People Under Age 5 in Poverty for Utah
PP0T4UT49000A156NCEN
Unemployed Persons in Utah
LAUST490000000000004A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Utah (UTMNGCOENTPRQQGSP), retrieved from FRED.