Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
Index 2017=100
IPUGN424W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.20
Year-over-Year Change
6.81%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures changes in the volume of U.S. industrial production, a key indicator of overall economic activity and manufacturing sector health.
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 inflation-adjusted output from U.S. manufacturing, mining, and utility companies. It is a widely followed gauge of the nation's industrial and economic performance.
Methodology
The Federal Reserve collects and aggregates data from a sample of industrial facilities to calculate the monthly index.
Historical Context
The Index 2017=100 helps policymakers and analysts monitor the strength of the U.S. industrial sector and make informed economic decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- The index covers around 315 individual industrial product series.
- Manufacturing accounts for about 75% of the total index.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the inflation-adjusted volume of output from U.S. manufacturers, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and performance of the U.S. industrial sector, which is crucial for overall economic growth.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data from a sample of industrial facilities and aggregates it to calculate the monthly index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Index 2017=100 to monitor the strength of the U.S. industrial base and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of about 15 days after the end of the reference month.
Related Trends
Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W201000000
Real Sectoral Output for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234T011000000
Labor Productivity for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L000000000
Hourly Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243U120000000
Labor Productivity for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L001000000
Sectoral Output for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247T301000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN424W010000000), retrieved from FRED.