Labor Compensation for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
Millions of Dollars
IPUGN423L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
433,581.85
Year-over-Year Change
70.26%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the value of U.S. industrial production for the Nondurable Goods Manufacturing sector, specifically in the Apparel, Leather, and Allied Products industry group. It is an important indicator of economic activity and manufacturing output.
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 Millions of Dollars trend represents the dollar value of industrial production for apparel, leather, and related products manufacturing in the United States. It is a key metric used by economists and policymakers to assess the health and trends within this segment of the manufacturing sector.
Methodology
The data is collected through monthly surveys of industrial facilities by the U.S. Federal Reserve.
Historical Context
This industrial production index is utilized by government agencies, analysts, and market participants to monitor economic conditions and inform policy decisions.
Key Facts
- The series has been published monthly since 1972.
- Apparel and leather products account for approximately 2% of total U.S. industrial production.
- Production levels can reflect consumer demand, trade policy, and supply chain dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of industrial production for the apparel, leather, and allied products manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of activity and conditions within a key segment of the U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial facilities conducted by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This industrial production index is utilized by government agencies, analysts, and market participants to monitor economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insights into this manufacturing sector.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUGN423L020000000), retrieved from FRED.