Employment for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
Index 2017=100
IPUBN212W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.81
Year-over-Year Change
-12.40%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of total industrial production on a basis where 2017 equals 100. This key economic indicator provides insights into the overall health and direction of the U.S. manufacturing 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 production index published by the U.S. Federal Reserve that tracks the total output of the nation's factories, mines, and utilities. It serves as a benchmark for evaluating economic growth and is widely used by policymakers, analysts, and investors.
Methodology
The index is calculated based on survey data collected from industrial establishments across the country.
Historical Context
The Index 2017=100 is an important input for economic analysis and policy decisions related to the manufacturing and industrial segments of the U.S. economy.
Key Facts
- The index was rebased to 2017=100 in 2022.
- The index reached a record high of 106.4 in December 2021.
- The index dropped sharply at the onset of the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of the overall health and direction of the U.S. industrial and manufacturing sectors, which are important drivers of economic growth.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected from industrial establishments across the country by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, economists, and investors to assess the state of the U.S. economy and inform decisions related to monetary and fiscal policy.
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 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN212W010000000), retrieved from FRED.