Labor Compensation for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
Index 2017=100
IPUBN2123U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.85
Year-over-Year Change
84.26%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly output of manufacturing, mining, and electric and gas utilities in the United States. It is a key indicator of the health and direction 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 a comprehensive measure of industrial production across the U.S. economy. It tracks changes in output volume over time, providing insights into the performance and trends within the manufacturing, mining, and utilities industries.
Methodology
The data is collected through surveys of industrial establishments and then aggregated into an index with a base year of 2017.
Historical Context
The Index 2017=100 is closely monitored by economists, policymakers, and investors as an important barometer of economic activity.
Key Facts
- The index has a base year of 2017, with a value of 100.
- It covers manufacturing, mining, and utilities sectors.
- The index is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly output of manufacturing, mining, and electric and gas utilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of the health and direction of the U.S. industrial sector, providing insights into economic performance and trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments and then aggregated into an index with a base year of 2017.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by economists, policymakers, and investors as an important barometer of economic activity.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve, with minimal update delays.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN2123U110000000), retrieved from FRED.