Hours Worked for Construction: Land Subdivision (NAICS 23721) in the United States
Index 2017=100
IPUDN23721L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.61
Year-over-Year Change
-19.76%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures changes in industrial production for durable consumer goods. It is a key indicator of economic activity and consumer demand.
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 seasonally adjusted index that tracks the monthly production of durable consumer goods, including appliances, furniture, and electronics. It is used to gauge the overall health and direction of the consumer sector.
Methodology
The index is calculated based on data collected from manufacturing facilities by the U.S. Federal Reserve.
Historical Context
This index is closely monitored by economists, policymakers, and investors to understand consumer behavior and make informed decisions.
Key Facts
- The base year for the index is 2017, with a value of 100.
- Durable goods account for about 25% of total consumer spending.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures changes in the production of durable consumer goods, such as appliances, furniture, and electronics.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer demand and economic activity, providing insight into the health of the consumer sector.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on data collected from manufacturing facilities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to gauge consumer behavior and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUDN23721L010000000), retrieved from FRED.