Labor Compensation for Manufacturing: Textile Mills (NAICS 313) in the United States
Index 2017=100
IPUEN313U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.74
Year-over-Year Change
-3.00%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total production output of the U.S. manufacturing industry, providing an important indicator of economic growth and industrial activity.
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 volume of industrial production, including output from factories, mines, and utilities. It is a widely followed metric for evaluating the health and momentum of the U.S. manufacturing sector.
Methodology
The data is collected through monthly surveys of industrial facilities.
Historical Context
Policymakers and analysts use this index to assess the strength of the economy and inform decisions.
Key Facts
- The index is set to a base year of 2017, with a value of 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached an all-time high of 107.5 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production in the U.S. manufacturing sector, including factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a widely watched indicator of the health and performance of the U.S. manufacturing industry, providing insights into economic growth and industrial activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial facilities across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Index 2017=100 to assess the strength of the economy and inform decisions related to monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short lag, providing timely data on manufacturing production trends.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN313U110000000), retrieved from FRED.