Hours Worked for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Index 2017=100
IPUGN4238L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.72
Year-over-Year Change
12.85%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures manufacturing production in the United States. It serves as a key indicator of the health and performance of the U.S. 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 industrial output of manufacturing, mining, and electric and gas utilities industries in the United States. It is a widely followed economic indicator that provides insight into the overall state of the U.S. economy.
Methodology
The index is calculated by the Federal Reserve based on survey data from manufacturers.
Historical Context
Economists and policymakers closely monitor this index to assess the trajectory of the U.S. economy and inform economic and monetary policy decisions.
Key Facts
- The index has a base year of 2017 with a value of 100.
- The index reached an all-time high of 108.9 in December 2019.
- The index fell sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total industrial output of manufacturing, mining, and utility industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and performance of the U.S. industrial sector, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on survey data from manufacturers.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to assess the trajectory of the U.S. economy and inform economic and monetary 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 a month.
Related Trends
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Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T050000000
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IPUGN4236T011000000
Employment for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4238L010000000), retrieved from FRED.