Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
Index 2017=100
IPUGN4244U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.36
Year-over-Year Change
52.93%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of manufacturing, mining, and electric and gas utilities industries in the United States. It is a key indicator of overall industrial production and economic activity.
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 seasonally adjusted index that tracks changes in real output for the U.S. industrial sector. It is used by economists, policymakers, and analysts to assess the health and direction of the broader economy.
Methodology
The index is calculated by the Federal Reserve based on survey data from industrial establishments.
Historical Context
Changes in the index are closely monitored for insights into macroeconomic conditions and the effectiveness of monetary and fiscal policies.
Key Facts
- The index base year is 2017.
- Manufacturing makes up over 75% of the index.
- Index values above 100 indicate expansion, below 100 contraction.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 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 index is a critical indicator of overall economic activity and is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the index based on survey data from industrial establishments.
Q: How is this trend used in economic policy?
A: Changes in the index provide insights into the health of the broader economy and the effectiveness of monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is released monthly with a typical lag of about 2 weeks.
Related Trends
Hourly Compensation for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42U121000000
Sectoral Output for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T300000000
Employment for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234W200000000
Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L010000000
Employment for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W200000000
Employment for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237W200000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4244U120000000), retrieved from FRED.