Unit Labor Costs for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
Index 2017=100
IPUGN4245U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.58
Year-over-Year Change
-0.25%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the overall output of the U.S. manufacturing sector, providing an indicator of the health and direction of the broader economy.
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 key economic indicator that tracks changes in the total volume of production across U.S. factories, mines, and utilities. It is a widely followed metric for assessing the performance and trends in the nation's industrial sector.
Methodology
The index is calculated based on survey data collected by the Federal Reserve.
Historical Context
The Index 2017=100 is closely monitored by policymakers, analysts, and investors to gauge the strength of U.S. manufacturing and its influence on the broader economy.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Manufacturing accounts for about 11% of the U.S. gross domestic product (GDP).
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 tracks the total volume of production in the U.S. manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and direction of the broader U.S. economy, as manufacturing plays a significant role in overall economic activity.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor the Index 2017=100 to gauge the strength of U.S. manufacturing and its influence on the broader economy.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with no significant delays or limitations.
Related Trends
Hourly Compensation for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42U121000000
Labor Productivity for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L000000000
Real Sectoral Output for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423T010000000
Hours Worked for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L200000000
Output per Worker for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W000000000
Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T050000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4245U100000000), retrieved from FRED.