Employment for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
Index 2017=100
IPUGN4247W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.32
Year-over-Year Change
0.88%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 is a key economic indicator that measures changes in industrial production. It is widely used by economists and policymakers to assess the health and growth of the manufacturing sector.
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 output of U.S. factories, mines, and utilities, with the year 2017 set as the base year with an index value of 100. It provides insights into the overall level of industrial activity and can signal broader economic trends.
Methodology
The data is compiled by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic interventions.
Key Facts
- The index was rebased to 2017=100 in 2019.
- Industrial production accounts for about 16% of U.S. GDP.
- The index reached a record high of 105.4 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of output from U.S. factories, mines, and utilities, providing a comprehensive gauge of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and growth of the manufacturing sector, which is a crucial driver of the U.S. economy. It helps economists and policymakers assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic interventions aimed at supporting the manufacturing sector and the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4247W010000000), retrieved from FRED.