Hours Worked for Construction: Utility System Construction (NAICS 2371) in the United States
Index 2017=100
IPUDN2371L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.52
Year-over-Year Change
34.50%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total industrial production of the durable goods manufacturing sector in the United States. This index is a key economic indicator that provides insights into the health and performance of the manufacturing industry.
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 monthly index that tracks the total volume of production for durable goods manufacturers in the U.S. This index is used by economists and policymakers to assess the overall strength and trends in the durable goods manufacturing sector, which is a crucial component of the broader industrial economy.
Methodology
The data for this index is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
The Index 2017=100 is closely monitored by market analysts, investors, and policymakers to gauge the state of the U.S. economy and inform decision-making.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Durable goods manufacturing accounts for approximately 25% of total U.S. industrial production.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of production for durable goods manufacturers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and performance of the durable goods manufacturing sector, which is a crucial component of the broader U.S. industrial economy.
Q: How is this data collected or calculated?
A: The data for this index is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by market analysts, investors, and policymakers to gauge the state of the U.S. economy and inform decision-making.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, providing timely data on the durable goods manufacturing sector.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUDN2371L010000000), retrieved from FRED.