Labor Compensation for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
Index 2017=100
IPUUN8123U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.77
Year-over-Year Change
33.98%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 trend measures industrial production in the United States, tracking output across manufacturing, mining, and utilities industries. It is a key economic indicator used by policymakers and analysts to assess the health and direction of the U.S. economy.
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 Federal Reserve statistical series that aggregates data on the physical quantity of production across various industrial sectors. It is a commonly referenced indicator of overall economic activity and industrial strength, with 2017 as the base year for the index value.
Methodology
The data is collected via monthly surveys of industrial facilities and calculated as an index with 2017 as the base year (100).
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve, economists, and market analysts as a real-time signal of economic conditions and industrial performance.
Key Facts
- The index has a baseline of 100 in 2017.
- It covers manufacturing, mining, and utilities.
- The index is published monthly by the Federal Reserve.
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 output.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a closely watched indicator of overall economic activity and the health of U.S. industry, providing real-time signals on the direction of the economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial facilities and calculated as an index with 2017 as the base year.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is monitored by the Federal Reserve, policymakers, and market analysts to assess current economic conditions and guide 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 several weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUUN8123U110000000), retrieved from FRED.