Hours Worked for Educational Services: Colleges, Universities, and Professional Schools (NAICS 6113) in the United States
Index 2017=100
IPUQN6113L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.01
Year-over-Year Change
3.12%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 tracks industrial production in the United States, measuring changes in the output of the nation's factories, mines, and utilities over time.
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 key economic indicator used to assess the health and direction of the U.S. industrial sector. It provides a comprehensive measure of output across a diverse range of industries and is closely watched by economists and policymakers.
Methodology
The index is calculated by the Federal Reserve based on data collected from monthly surveys of industrial facilities.
Historical Context
The Index 2017=100 is an important input for understanding broader economic trends and informing monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2017, with a value of 100 in that year.
- Industrial production accounts for around 20% of total U.S. economic output.
- The index covers output from manufacturing, mining, and utilities sectors.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures changes in the total industrial output of 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, which is a significant driver of broader economic activity.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on monthly 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 economists and policymakers to inform decisions on monetary and fiscal policy, as industrial production is a key component of overall economic growth.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly with a relatively short lag, allowing for timely assessment of industrial activity.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUQN6113L010000000), retrieved from FRED.