Employment for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
Index 2017=100
IPUBN21239W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.93
Year-over-Year Change
0.00%
Date Range
1/1/1987 - 1/1/2024
Summary
The Industrial Production Index (2017=100) measures the real output of the U.S. manufacturing, mining, and electric and gas utility sectors. It is a key indicator of economic growth and industrial activity.
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 Industrial Production Index (2017=100) tracks the monthly changes in the total inflation-adjusted output produced by the U.S. industrial sector. It is a widely used metric for assessing the health and performance of the broader economy.
Methodology
The index is calculated by the Federal Reserve based on survey data from industrial facilities.
Historical Context
The Industrial Production Index is closely monitored by policymakers, economists, and investors to gauge overall economic conditions and make informed decisions.
Key Facts
- The index has a base year of 2017 = 100.
- Industrial production accounts for around 20% of U.S. GDP.
- The index reached an all-time high of 104.5 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production Index (2017=100) measures the monthly changes in the real output of the U.S. manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: The Industrial Production Index is a key indicator of economic growth and industrial activity, and is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on survey data from industrial facilities.
Q: How is this trend used in economic policy?
A: The Industrial Production Index is used by policymakers, economists, and market participants to assess the overall health and performance of the U.S. economy.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly by the Federal Reserve, with a typical delay of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN21239W010000000), retrieved from FRED.