Labor Productivity for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
Index 2017=100
IPUGN4247L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.50
Year-over-Year Change
25.59%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production in the United States. It is a key indicator of the health of the manufacturing sector and the overall 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 tracks the total production of factories, mines, and utilities in the U.S., with 2017 as the base year. It is used by economists and policymakers to assess industrial activity and identify trends in economic growth.
Methodology
The Federal Reserve collects this data through surveys of industrial facilities and applies statistical techniques to calculate the monthly index value.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2017, set to 100.
- It covers output from factories, mines, and utilities.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production in the United States, including output from factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health of the manufacturing sector and the overall economy, providing insight into economic growth and industrial activity.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data through surveys of industrial facilities and applies statistical techniques to calculate the monthly index value.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release lag of a few weeks.
Related Trends
Output per Worker for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234W000000000
Employment for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246W010000000
Unit Labor Costs for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238U101000000
Labor Productivity for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237L001000000
Labor Productivity for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L001000000
Labor Productivity for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L000000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4247L000000000), retrieved from FRED.