Total Factor Productivity for Manufacturing: Other Textile Product Mills (NAICS 3149) in the United States
Index 2017=100
IPUEN3149M000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.29
Year-over-Year Change
3.95%
Date Range
1/1/1987 - 1/1/2022
Summary
The Index 2017=100 measures the monthly production of non-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 tracks the output of non-durable consumer goods, which are products that are typically used up or replaced regularly, such as food, clothing, and household items. This index provides insight into the strength of consumer spending and the overall health of the manufacturing sector.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Federal Reserve.
Historical Context
Economists and policymakers closely monitor this index to assess the state of the economy and guide decisions on fiscal and monetary policies.
Key Facts
- The base year for the index is 2017.
- The index reached a record high of 103.4 in December 2021.
- The index experienced a significant decline during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of non-durable consumer goods, such as food, clothing, and household items.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the strength of consumer spending and the overall health of the manufacturing sector, which are important indicators of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to assess the state of the economy and guide decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN3149M000000000), retrieved from FRED.