Labor Compensation for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
Index 2017=100
IPUGN4235U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.61
Year-over-Year Change
48.01%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the production output of the U.S. durable goods manufacturing sector, a key indicator of economic health and industrial activity.
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
This index tracks the monthly changes in the total industrial production of durable goods, which include products designed to last three years or more, such as motor vehicles, appliances, and machinery. It is a valuable metric for economists and policymakers to assess the state of the manufacturing industry.
Methodology
The data is collected through surveys of manufacturing facilities and calculated by the U.S. Federal Reserve.
Historical Context
The Index 2017=100 is used to inform economic and monetary policy decisions.
Key Facts
- The base year for the index is 2017, with a value of 100.
- Durable goods account for over 50% of total U.S. industrial production.
- The index reached a record high of 107.5 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production output of the U.S. durable goods manufacturing sector, which includes long-lasting products like motor vehicles, appliances, and machinery.
Q: Why is this trend relevant for users or analysts?
A: The durable goods index is a key indicator of the health and performance of the U.S. manufacturing industry, providing insights into overall economic conditions and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by economists and policymakers to inform decisions on monetary policy, industrial support programs, and broader economic management.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with a typical delay of around 15 days from the end of the reference period.
Related Trends
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Hourly Compensation for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
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Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L010000000
Real Sectoral Output for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
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Sectoral Output for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T301000000
Sectoral Output Price Deflator for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251T051000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4235U110000000), retrieved from FRED.