Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Index 2017=100
IPUGN4238U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.50
Year-over-Year Change
68.97%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the growth in total industrial production, including manufacturing, mining, and utilities. It is a key indicator of overall economic activity and business cycle trends.
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 industrial production, which encompasses the output of manufacturing, mining, and electric and gas utilities. This broad measure provides insight into the health and trajectory of the U.S. economy.
Methodology
The index is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The Index 2017=100 is closely watched by policymakers, economists, and investors as a barometer of current economic conditions and future growth prospects.
Key Facts
- The index has a base year of 2017, with a value of 100.
- Industrial production accounts for around 20% of U.S. economic output.
- The index reached a record high of 109.7 in December 2019.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production, including manufacturing, mining, and utilities. It provides a comprehensive gauge of economic activity.
Q: Why is this trend relevant for users or analysts?
A: The index is a crucial indicator of the business cycle and overall economic health, making it an important input for policymakers, investors, and economic forecasters.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the index based on monthly surveys of industrial 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 policymakers as a gauge of current economic conditions and a factor in monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with a typical delay of around two weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4238U110000000), retrieved from FRED.