Employment for Construction: Utility System Construction (NAICS 2371) in the United States
Index 2017=100
IPUDN2371W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.30
Year-over-Year Change
39.65%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures changes in the volume of industrial production in the United States over time, providing insights into the health and growth 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
This index tracks the monthly output of factories, mines, and utilities, representing a key indicator of economic activity. Analysts and policymakers use this data to understand trends in industrial productivity and guide decisions.
Methodology
The Federal Reserve collects and calculates this index based on a comprehensive survey of industrial facilities.
Historical Context
The Index 2017=100 is a widely cited metric for monitoring the US industrial economy and informing economic and policy decisions.
Key Facts
- The index base year is 2017, with a value of 100.
- Industrial production accounts for around 20% of US economic activity.
- The index has declined during recent recessions, signaling manufacturing weakness.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures changes in the volume of industrial production in the United States, including output from factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the health and growth of the US manufacturing sector, which is a key driver of economic activity.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data from a comprehensive survey of industrial facilities and calculates the monthly Index 2017=100.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Index 2017=100 to monitor industrial productivity and inform decisions related to economic and monetary policy.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve, with a typical release delay of a few weeks.
Related Trends
Hours Worked for Construction: Utility System Construction (NAICS 2371) in the United States
IPUDN2371L201000000
Employment for Construction: Other Heavy and Civil Engineering Construction (NAICS 2379) in the United States
IPUDN2379W200000000
Employment for Construction: Building Equipment Contractors (NAICS 2382) in the United States
IPUDN2382W201000000
Employment for Construction: Other Heavy and Civil Engineering Construction (NAICS 237990) in the United States
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IPUDN238L200000000
Hours Worked for Construction: Nonresidential Building Construction (NAICS 2362) in the United States
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUDN2371W010000000), retrieved from FRED.