Employment for Construction: Building Foundation and Exterior Contractors (NAICS 2381) in the United States
Index 2017=100
IPUDN2381W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.59
Year-over-Year Change
35.54%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures manufacturing production in the United States, providing a key indicator of economic activity and industrial health.
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 changes in the total industrial production of manufacturing industries in the U.S. It serves as a widely-referenced barometer of the nation's manufacturing sector and broader economic performance.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
Policymakers and analysts monitor this index to gauge the momentum of the U.S. economy.
Key Facts
- The index is benchmarked to the year 2017, with a base value of 100.
- Manufacturing accounts for over 11% of U.S. GDP.
- The index reached an all-time high of 109.8 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of production from U.S. manufacturing industries, providing a gauge of the sector's overall output and performance.
Q: Why is this trend relevant for users or analysts?
A: As a key barometer of the manufacturing economy, this index is closely watched by policymakers, businesses, and economists to assess the health and direction of the U.S. industrial base.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data through surveys of industrial facilities and calculates the index based on that information.
Q: How is this trend used in economic policy?
A: Movements in the index are analyzed by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that can impact the manufacturing sector and broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release lag of around six weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUDN2381W010000000), retrieved from FRED.