Employment for Administrative and Support and Waste Management and Remediation Services: Facilities Support Services (NAICS 56121) in the United States
Index 2017=100
IPUPN56121W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.18
Year-over-Year Change
42.17%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total output of the U.S. manufacturing sector, excluding selected high-technology industries. It is a key economic indicator for gauging the health and productivity of American manufacturing.
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 production index that tracks changes in the total volume of goods produced by U.S. manufacturers. It is a widely followed metric for analyzing industrial activity and identifying economic trends.
Methodology
The index is calculated based on survey data collected from manufacturing establishments by the U.S. Federal Reserve.
Historical Context
The Index 2017=100 is used by policymakers, analysts, and investors to assess the overall state of the U.S. manufacturing industry and its contribution to economic growth.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index excludes high-tech industries like computers and electronics.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of goods produced by the U.S. manufacturing sector, excluding certain high-technology industries.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and productivity of American manufacturing, which is a critical component of the U.S. economy.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected from manufacturing establishments by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is used by policymakers, analysts, and investors to assess the overall state of the U.S. manufacturing industry and its contribution to economic growth.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release delay of about a month and a half.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUPN56121W010000000), retrieved from FRED.