Hours Worked for Arts, Entertainment, and Recreation: Museums, Historical Sites, and Similar Institutions (NAICS 712) in the United States
Index 2017=100
IPUSN712L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.92
Year-over-Year Change
29.70%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures changes in U.S. industrial production, a key indicator of the nation's economic health and manufacturing 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 tracks the monthly output of the U.S. industrial sector, including manufacturing, mining, and utilities. It is a widely followed metric used by policymakers, analysts, and businesses to gauge the broader economic climate.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Index provides important insights into the performance and outlook of the U.S. industrial economy.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for over 75% of the total industrial production index.
- The index reached an all-time high of 108.5 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly changes in the total industrial output of the United States, 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 overall health and direction of the U.S. economy, providing insights into the performance of the manufacturing and industrial sectors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial facilities and then calculated into a monthly index.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the industrial production index to gauge the strength of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The industrial production index is released monthly by the Federal Reserve, with a typical lag of around 15 days after the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUSN712L010000000), retrieved from FRED.