Labor Compensation for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
Index 2017=100
IPUGN4234U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.15
Year-over-Year Change
68.07%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures changes in manufacturing production over time. It is a key economic indicator used by policymakers and analysts to gauge industrial activity and economic growth.
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 volume of total manufacturing output, excluding production of the mining and utility sectors. It is a widely followed metric for assessing the health and performance of the U.S. manufacturing industry.
Methodology
The index is calculated by the U.S. Federal Reserve based on survey data of industrial facilities.
Historical Context
The manufacturing index provides insight into economic conditions and is closely monitored by the Federal Reserve and other government agencies for policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for over 10% of U.S. GDP.
- The index reached a record high of 104.7 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures changes in the volume of total manufacturing output in the United States over time.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index is a key indicator of economic health and industrial activity, providing valuable insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on survey data of industrial facilities.
Q: How is this trend used in economic policy?
A: The manufacturing index 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 by the Federal Reserve, with a typical release lag of around two weeks.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247T050000000
Real Sectoral Output for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233T011000000
Labor Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U110000000
Hourly Compensation for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U120000000
Sectoral Output for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T300000000
Output per Worker for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247W001000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4234U110000000), retrieved from FRED.