Hourly Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
Index 2017=100
IPUGN4237U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.59
Year-over-Year Change
61.09%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production in the United States. This key indicator tracks changes in the nation's manufacturing, mining, and utility sectors, providing insights into the health of the broader economy.
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 measure of the real output of the U.S. industrial sector, tracking production in manufacturing, mining, and electric and gas utilities. It serves as an important barometer of economic activity, with applications in policy analysis, market forecasting, and business decision-making.
Methodology
The Federal Reserve collects and calculates this index based on comprehensive surveys of industrial facilities across the country.
Historical Context
The Index 2017=100 is closely monitored by policymakers, economists, and investors as a timely indicator of the nation's industrial and economic performance.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- The industrial sector accounts for around 20% of U.S. GDP.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the 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 is a key indicator of economic activity and performance, providing insights into the health of the industrial sector and the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data through comprehensive surveys of industrial facilities and calculates the index.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor the Index 2017=100 to assess the state of the industrial economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with limited delays in data reporting.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4237U120000000), retrieved from FRED.