Real Sectoral Output for Mining: Support Activities for Mining (NAICS 2131) in the United States
Index 2017=100
IPUBN2131T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.63
Year-over-Year Change
-32.18%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the production of non-durable consumer goods in the United States. This key economic indicator provides insights into consumer demand and the overall health 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 is a production index that tracks the monthly output of non-durable consumer goods, such as food, clothing, and other household items. It is used by economists and policymakers to assess the state of the economy and consumer activity.
Methodology
The data is collected through surveys of manufacturing facilities and calculated as an index with a 2017 base year.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The index has a base year of 2017, with a value of 100.
- Non-durable goods account for over half of total U.S. manufacturing output.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of non-durable consumer goods in the United States, such as food, clothing, and other household items.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer demand and the overall health of the manufacturing sector, which are key indicators of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated as an index with a 2017 base year.
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 economic policy decisions, particularly regarding consumer spending and the manufacturing industry.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve, with no significant update delays or limitations.
Related Trends
Real Sectoral Output for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
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Output per Worker for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
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Real Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States
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Sectoral Output for Mining: Metal Ore Mining (NAICS 2122) in the United States
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Labor Compensation for Mining: Nonmetallic Mineral Mining and Quarrying (NAICS 2123) in the United States
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Employment for Mining: Coal Mining (NAICS 21211) in the United States
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUBN2131T010000000), retrieved from FRED.