Hours Worked for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States
Index 2017=100
IPUSN71391L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.85
Year-over-Year Change
21.14%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of total manufacturing industrial production in the United States, a key indicator of economic activity and business cycles.
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 total industrial output of factories, mines, and utilities in the U.S. It is a widely-followed metric that economists use to assess the health and trends of the manufacturing sector.
Methodology
The data is collected through surveys of industrial facilities and calculated using a base year of 2017.
Historical Context
Policymakers and analysts monitor this index to gauge overall economic conditions and make informed decisions.
Key Facts
- The index has a base year of 2017 with a value of 100.
- Manufacturing accounts for over 75% of total U.S. industrial production.
- The index reached an all-time high of 108.4 in December 2021.
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 factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of manufacturing activity and overall economic health, making it highly relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated using a base year of 2017.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge overall economic conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is released monthly with a typical one-month lag, and the data may be subject to revisions as additional information becomes available.
Related Trends
Unit Labor Costs for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 713110) in the United States
IPUSN713110U101000000
Real Sectoral Output for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States
IPUSN713940T011000000
Sectoral Output for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 71311) in the United States
IPUSN71311T300000000
Hourly Compensation for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 71394) in the United States
IPUSN71394U120000000
Employment for Arts, Entertainment, and Recreation: Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures (NAICS 71141) in the United States
IPUSN71141W010000000
Employment for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 713110) in the United States
IPUSN713110W200000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUSN71391L010000000), retrieved from FRED.