Labor Compensation for Manufacturing: Pump and Compressor Manufacturing (NAICS 33391) in the United States
Index 2012=100
IPUEN33391U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.08
Year-over-Year Change
21.75%
Date Range
1/1/1987 - 1/1/2021
Summary
This index measures the level of manufacturing output in the United States, with 2012 as the base year. It is a key indicator of the overall health and production capacity of the U.S. industrial sector.
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 2012=100 represents the monthly production output of U.S. manufacturing industries, including factories, mines, and utilities. It is a widely followed metric for evaluating trends in industrial activity and economic growth.
Methodology
The index is calculated by the Federal Reserve based on data collected from monthly surveys of industrial production.
Historical Context
Policymakers and analysts use this index to assess the performance and trajectory of the U.S. manufacturing economy.
Key Facts
- The base year for the index is 2012, with a value of 100.
- Manufacturing accounts for about 12% of U.S. GDP.
- The index reached an all-time high of 111.3 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2012=100 measures the monthly production output of U.S. manufacturing industries, including factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the overall health and production capacity of the U.S. industrial sector, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on data collected from monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the performance and trajectory of the U.S. manufacturing economy, which can inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with a typical delay of around six weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2012=100 (IPUEN33391U110000000), retrieved from FRED.