Hourly Compensation for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
Index 2017=100
IPUBN21231U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.31
Year-over-Year Change
60.67%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Index 2017=100' metric measures the level of manufacturing production in the United States. It is a key indicator of the overall health and activity of the U.S. industrial 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
The 'Index 2017=100' is an index of industrial production, published monthly by the U.S. Federal Reserve. It tracks changes in the real output of manufacturing, mining, and electric and gas utilities industries, with 2017 as the base year.
Methodology
The data is calculated based on surveys of industrial facilities and utilities.
Historical Context
The Index is closely watched by economists, policymakers, and investors as a gauge of economic growth and business conditions.
Key Facts
- The Index has a base year of 2017 = 100.
- Manufacturing accounts for over 75% of the total Index.
- The Index reached a record high of 107.5 in December 2019.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2017=100' measures the monthly level of real industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Index is a closely watched indicator of the health and activity of the U.S. industrial sector, providing insights into economic growth, business investment, and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and utilities, and then calculated as an index with 2017 as the base year of 100.
Q: How is this trend used in economic policy?
A: The Index is used by policymakers, economists, and investors to assess the state of the U.S. economy and inform decisions on interest rates, fiscal policy, and business strategies.
Q: Are there update delays or limitations?
A: The Index is published monthly by the Federal Reserve, with a typical release lag of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN21231U120000000), retrieved from FRED.