Real Sectoral Output for Manufacturing: Industrial Machinery (NAICS 3332) in the United States
Index 2017=100
IPUEN3332T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.78
Year-over-Year Change
-12.61%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total production output for the U.S. manufacturing sector. It is a key economic indicator used by policymakers and analysts to assess the health and growth of the manufacturing industry.
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 is a monthly index that tracks the total volume of manufacturing production in the United States. It measures changes in the total physical output of the manufacturing sector, providing insight into the overall state of industrial activity.
Methodology
The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing firms.
Historical Context
The Index 2017=100 is closely monitored by economists, policymakers, and investors to understand the momentum and trajectory of the U.S. manufacturing economy.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached an all-time high of 108.5 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of manufacturing production in the United States, providing an overview of the health and growth of the industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index is a key economic indicator closely watched by policymakers, economists, and investors to gauge the strength and trajectory of the U.S. industrial economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing firms.
Q: How is this trend used in economic policy?
A: The manufacturing index is used by policymakers and central banks to inform monetary and fiscal policies aimed at supporting the growth and stability of the U.S. industrial sector.
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.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN3332T010000000), retrieved from FRED.