Output per Worker for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
Index 2017=100
IPUBN21232W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.79
Year-over-Year Change
12.43%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production, including output from manufacturing, mining, and utilities sectors. It is a key indicator of economic activity and used by policymakers to assess the health of the U.S. industrial 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 tracks the physical volume of goods produced, regardless of their value. It provides a broad measure of production trends across major industrial sectors and is a widely-referenced leading indicator of economic conditions.
Methodology
The index is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve, economic analysts, and investors to gauge the trajectory of the U.S. economy.
Key Facts
- The index is benchmarked to 2017 production levels.
- Manufacturing accounts for over 75% of the index's composition.
- The index reached an all-time high of 104.4 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the physical volume of goods produced across major U.S. industrial sectors, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of economic activity and production trends, providing insight into the health and trajectory of the U.S. industrial economy.
Q: How is this data collected or calculated?
A: The index is calculated monthly by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other policymakers to assess the state of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of around 15 days after the end of the reference period.
Related Trends
Output per Worker for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
IPUBN2123W000000000
Labor Compensation for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239L020000000
Labor Productivity for Mining: Metal Ore Mining (NAICS 2122) in the United States
IPUBN2122L001000000
Employment for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239W200000000
Unit Labor Costs for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
IPUBN21232U100000000
Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239T300000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN21232W000000000), retrieved from FRED.