Employment for Mining: Mining (NAICS 21) in the United States
Index 2017=100
IPUBN21W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.55
Year-over-Year Change
-26.85%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total production output of US manufacturing industries, adjusted for seasonal variations. It is a key indicator of the overall health and direction of the US 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 tracks changes in the total volume of manufacturing output in the United States. It serves as an important barometer of industrial activity and is widely used by economists and policymakers to assess the strength of the US economy.
Methodology
The index is calculated by the US Federal Reserve based on data collected from manufacturing facilities across the country.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for approximately 11% of US GDP.
- The index reached an all-time high of 107.5 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of production output from US manufacturing industries, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the overall health and direction of the US industrial sector, which is an important driver of economic growth.
Q: How is this data collected or calculated?
A: The index is calculated by the US Federal Reserve based on data collected from manufacturing facilities across the country.
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 policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release delay of around 15 days.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN21W010000000), retrieved from FRED.