Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Index 2017=100
IPUGN4238W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.45
Year-over-Year Change
14.84%
Date Range
1/1/1987 - 1/1/2024
Summary
The Industrial Production: Total Index 2017=100 measures the overall output of U.S. industrial production on a monthly basis. This metric is a key barometer of economic activity and is closely monitored by policymakers and economists.
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 Industrial Production Index tracks the real output of manufacturing, mining, and electric and gas utilities in the United States. It is a comprehensive measure of the health and performance of the industrial sector, which is a major component of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Industrial Production Index is a leading economic indicator used to assess current and future economic conditions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Durable goods account for about 50% of total industrial production.
- The index has shown steady recovery since the COVID-19 pandemic lows.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production Index measures the real output of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Industrial Production Index is a key indicator of economic health and activity, providing insight into the performance and utilization of the industrial sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial facilities and calculated using a comprehensive methodology.
Q: How is this trend used in economic policy?
A: The Industrial Production Index is closely monitored by policymakers and economists as a leading indicator of broader economic conditions, helping to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly by the Federal Reserve, with a typical lag of around one month from the reference period.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42T050000000
Real Sectoral Output for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T011000000
Employment for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247W200000000
Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T301000000
Employment for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W200000000
Unit Labor Costs for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U101000000
Citation
U.S. Federal Reserve, Industrial Production: Total Index 2017=100 (IPUGN4238W010000000), retrieved from FRED.