Employment for Manufacturing: Chemical Manufacturing (NAICS 325) in the United States
Index 2017=100
IPUEN325W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.99
Year-over-Year Change
13.71%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of total industrial production, including manufacturing, mining, and utilities. It is a key indicator of economic activity and capacity utilization.
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 total industrial output in the United States, with 2017 set as the base year with an index value of 100. This metric is widely used by economists and policymakers to assess the health and momentum of the broader industrial sector.
Methodology
The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Historical Context
The Index 2017=100 provides insights into the state of the manufacturing, mining, and utilities industries, which are important drivers of the U.S. economy.
Key Facts
- The index reached a record high of 108.5 in 2022.
- Manufacturing accounts for about 75% of the total industrial production index.
- The index experienced a sharp decline during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the overall health and capacity of the industrial sector, which is an important driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, economists, and market analysts to gauge the strength of the industrial economy and inform economic decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN325W010000000), retrieved from FRED.