Labor Compensation for Mining: Coal Mining (NAICS 21211) in the United States
Index 2017=100
IPUBN21211U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.85
Year-over-Year Change
-33.90%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Index 2017=100' measures the monthly production of manufacturing industries in the United States. It is a key indicator of the health and direction of the U.S. 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
The Index 2017=100 is a widely-followed manufacturing production index published by the U.S. Federal Reserve. It tracks changes in the total output of U.S. factories, mines, and utilities, providing insight into industrial activity and capacity utilization.
Methodology
The index is calculated based on monthly surveys of industrial production and capacity data.
Historical Context
The Index 2017=100 is closely monitored by economists, policymakers, and market analysts to assess the state of the manufacturing sector and broader economic conditions.
Key Facts
- The index has a base year of 2017 with a value of 100.
- Manufacturing accounts for around 11% of U.S. GDP.
- The index reached a record high of 105.4 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of manufacturing industries in the United States, providing insight into the health and direction of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a widely-followed indicator that is closely monitored by economists, policymakers, and market analysts to assess the state of the manufacturing sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The index is calculated based on monthly surveys of industrial production and capacity data.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is used by policymakers, central banks, and economists to evaluate the performance of the manufacturing sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the U.S. Federal Reserve, with a typical release lag of around a month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN21211U110000000), retrieved from FRED.