Hours Worked for Educational Services: Educational Services (NAICS 611) in the United States
Index 2017=100
IPUQN611L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.95
Year-over-Year Change
16.83%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 is a key industrial production metric that tracks the output of U.S. manufacturing, mining, and utilities industries. It is a leading indicator of economic growth and business activity.
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 measures the total volume of industrial production in the United States, including manufacturing, mining, and utilities. It is a widely followed economic indicator that provides insight into the health and trajectory of the U.S. industrial sector.
Methodology
The Federal Reserve calculates the Index 2017=100 based on monthly surveys of industrial facilities.
Historical Context
The Index 2017=100 is closely monitored by economists, policymakers, and investors for signals about the overall state of the U.S. economy.
Key Facts
- The index uses 2017 as its base year, with a value of 100.
- The index covers approximately 75% of total industrial activity in the United States.
- Index levels above 100 indicate production growth compared to 2017.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of the health and direction of the U.S. industrial sector, providing valuable insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the Index 2017=100 based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers and analysts to assess the state of the U.S. economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 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 (IPUQN611L010000000), retrieved from FRED.