Employment for Construction: Land Subdivision (NAICS 2372) in the United States
Index 2017=100
IPUDN2372W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.54
Year-over-Year Change
-15.71%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of durable consumer goods in the United States. This indicator provides insights into consumer demand and economic growth.
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 tracks the seasonally adjusted production of durable consumer goods, including items like appliances, furniture, and recreational vehicles. This index is a key measure of manufacturing activity and consumer spending trends.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of manufacturing establishments.
Historical Context
The Index 2017=100 is closely monitored by economists and policymakers to assess the health of the U.S. economy.
Key Facts
- The base year for the index is 2017.
- Durable goods account for about 25% of total consumer spending.
- The index reached a record high of 119.3 in January 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of durable consumer goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: The index provides insights into consumer demand and manufacturing activity, which are important indicators of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by economists and policymakers to assess the health of the U.S. economy.
Q: Are there update delays or limitations?
A: The index is released monthly with a typical delay of about 2 weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUDN2372W010000000), retrieved from FRED.