Hours Worked for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 56121) in the United States
Index 2017=100
IPUPN56121L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.67
Year-over-Year Change
33.74%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Index 2017=100' measures the total output of U.S. industrial production, a key indicator of economic activity and a critical data point for policymakers and analysts.
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 industrial production index tracks the real output of manufacturing, mining, and electric and gas utilities in the United States. It is a widely followed metric for assessing the health and trends of the U.S. economy.
Methodology
This index is calculated by the Federal Reserve based on survey data from thousands of companies across the country.
Historical Context
The industrial production index is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for over 70% of the total industrial production index.
- The index reached an all-time high in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total 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 industrial production index is a crucial indicator of the health and direction of the U.S. economy, providing insights into economic growth, capacity utilization, and inflationary pressures.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on survey data from thousands of manufacturing, mining, and utility companies across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the industrial production index to inform monetary and fiscal policy decisions, as it provides a real-time snapshot of economic activity and capacity utilization.
Q: Are there update delays or limitations?
A: The industrial production index is published monthly by the Federal Reserve, with a typical release lag of around six weeks.
Related Trends
Employment for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 56121) in the United States
IPUPN56121W201000000
Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615T050000000
Labor Productivity for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151L000000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Services to Buildings and Dwellings (NAICS 5617) in the United States
IPUPN5617L010000000
Hours Worked for Administrative and Support and Waste Management and Remediation Services: Waste Collection (NAICS 5621) in the United States
IPUPN5621L010000000
Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615U120000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUPN56121L010000000), retrieved from FRED.