Labor Compensation for Private Nonfarm in South Carolina
Index 2017=100
IPUZNU110450000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.38
Year-over-Year Change
100.14%
Date Range
1/1/2007 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production in the United States. This key economic indicator provides insights into the overall health and direction of the manufacturing sector.
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 output of the U.S. industrial sector, including manufacturing, mining, and utilities. It is a widely referenced gauge of the nation's industrial activity and an important input for economic analysis and policymaking.
Methodology
The data is compiled by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Index 2017=100 is closely monitored by economists, investors, and policymakers to assess the strength of the U.S. economy.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Industrial production accounts for around 16% of U.S. GDP.
- 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 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 important insights for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other policymakers to assess the overall strength of the U.S. economy and inform monetary and fiscal 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.
Related Trends
Exports of Goods for South Carolina
EXPTOTSC
Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in South Carolina
SCNMMPMANNGSP
Total Unemployed, as a Percent of the Civilian Labor Force for South Carolina
U3UNEM3SC
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in South Carolina
SMU45000004000000011
Coincident Economic Activity Index for South Carolina
SCPHCI
Average Weekly Hours of All Employees: Goods Producing in South Carolina
SMU45000000600000002A
Citation
U.S. Federal Reserve, Index 2017=100 (IPUZNU110450000), retrieved from FRED.