Employment for Construction: Building Equipment Contractors (NAICS 2382) in the United States
Index 2017=100
IPUDN2382W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.53
Year-over-Year Change
47.80%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the production output of a specified industry or sector, with the year 2017 as the base year. This trend is a key indicator of economic activity and manufacturing performance.
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 physical quantity of production, adjusting for seasonal and calendar variations. Economists and policymakers use this index to monitor the health of different industries and the overall economy.
Methodology
The data is collected through surveys of industrial establishments and calculated as an index with 2017 as the base year.
Historical Context
Policymakers and analysts use this index to assess the state of the economy and inform decisions around fiscal and monetary policy.
Key Facts
- The index is published monthly by the Federal Reserve.
- The index is rebased to 2017=100 for easier interpretation.
- Changes in the index reflect shifts in the volume of production.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the physical quantity of production output for a specified industry or sector, with the year 2017 serving as the base year.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic activity and manufacturing performance, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments and calculated as an index with 2017 as the base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the economy and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with minimal update delays.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUDN2382W010000000), retrieved from FRED.