Hourly Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
Index 2017=100
IPUUN81221U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.58
Year-over-Year Change
39.69%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of the U.S. manufacturing sector, providing an indicator of overall industrial production trends.
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 seasonally adjusted industrial production index that tracks changes in the total output of the U.S. manufacturing, mining, and electric and gas utility industries. It is a key metric used by economists and policymakers to assess the health and direction of the broader economy.
Methodology
The data is collected through monthly surveys of industrial facilities and calculated by the U.S. Federal Reserve.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- The index covers around 75% of the total industrial output of the United States.
- Declines in the index can signal an economic slowdown or recession.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production, including manufacturing, mining, and utilities, in the United States.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of overall economic activity and can signal changes in business investment, consumer demand, and other important macroeconomic factors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial facilities and calculated by the U.S. Federal Reserve.
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 monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical release lag of around two weeks.
Related Trends
Real Sectoral Output for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221T011000000
Sectoral Output for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T300000000
Labor Productivity for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232L000000000
Labor Productivity for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
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Hourly Compensation for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210U120000000
Hours Worked for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142L010000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUUN81221U120000000), retrieved from FRED.