Hourly Compensation for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
Index 2017=100
IPUPN561720U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.35
Year-over-Year Change
58.39%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures manufacturing production for durable goods industries in the United States. This key economic indicator provides insights into the health and trends of the U.S. 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 output of durable goods manufacturing, which includes industries like machinery, electronics, and transportation equipment. Economists and policymakers use this index to assess the overall state of U.S. industrial production and identify potential shifts in the manufacturing economy.
Methodology
The data is collected through surveys of manufacturing facilities and calculated as an index with a base year of 2017.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform economic and policy decisions.
Key Facts
- The index has a base year of 2017, with a value of 100.
- Durable goods account for about 50% of total U.S. manufacturing output.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the output of U.S. durable goods manufacturing industries, providing a gauge of overall industrial production.
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. manufacturing sector, which is a critical driver of economic growth and a focus of policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated as an index with a base year of 2017.
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 economic and policy decisions related to the manufacturing industry.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUPN561720U120000000), retrieved from FRED.