Employment for Mining: Support Activities for Mining (NAICS 213) in the United States
Index 2017=100
IPUBN213W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.25
Year-over-Year Change
-30.64%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 tracks the seasonally adjusted industrial production of durable and nondurable manufacturing industries in the United States. This index is a key indicator of the health and performance 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 monthly economic indicator published by the U.S. Federal Reserve. It measures the output of the manufacturing industries, which are a crucial component of the broader U.S. economy. The index is used by economists and policymakers to assess the state of industrial production and economic growth.
Methodology
The data is collected through surveys of manufacturing facilities and calculated as an index with a baseline of 2017=100.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform economic and policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index reached a record high of 108.5 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the seasonally adjusted industrial production of durable and nondurable manufacturing industries 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 performance of the U.S. manufacturing sector, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated as an index with a baseline of 2017=100.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform economic and policy decisions.
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 2-3 weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN213W010000000), retrieved from FRED.