Labor Compensation for Manufacturing: Semiconductor and Related Device Manufacturing (NAICS 334413) in the United States
Index 2017=100
IPUEN334413U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.49
Year-over-Year Change
76.40%
Date Range
1/1/1987 - 1/1/2022
Summary
The Index 2017=100 measures changes in the level of production for the manufacturing sector in the United States. It is a key indicator of the health and direction of the U.S. economy.
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 the manufacturing industry, a major component of U.S. GDP. Economists and policymakers closely monitor this index to assess the strength of the industrial sector and broader economic trends.
Methodology
The index is calculated by the U.S. Federal Reserve based on monthly survey data from manufacturing facilities.
Historical Context
The Index 2017=100 informs economic analysis and policy decisions related to trade, investment, and fiscal and monetary policy.
Key Facts
- The base year for the index is 2017, with a value of 100.
- The index reached a record high of 106.1 in December 2021.
- Manufacturing accounts for about 11% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures changes in the level of production for the U.S. manufacturing sector. It tracks the overall output of factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index is a key indicator of the health of the U.S. economy, as the industrial sector is a major driver of growth. It provides insight into broader economic conditions and helps inform policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the Index 2017=100 based on monthly survey data from manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: The manufacturing index helps guide decisions on trade, investment, and fiscal and monetary policy, as it reflects the strength and direction of the industrial sector.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released monthly by the Federal Reserve, with a typical lag of about 2-3 weeks after the end of the reference month.
Related Trends
Real Sectoral Output for Manufacturing: Industrial Machinery (NAICS 33324) in the United States
IPUEN33324T011000000
Employment for Manufacturing: Ready-Mix Concrete Manufacturing (NAICS 327320) in the United States
IPUEN327320W010000000
Intermediate Inputs for Manufacturing: Agriculture, Construction, and Mining Machinery (NAICS 3331) in the United States
IPUEN3331P011000000
Employment for Manufacturing: Machine Shops (NAICS 332710) in the United States
IPUEN332710W200000000
Employment for Manufacturing: Pharmaceutical and Medicine Manufacturing (NAICS 3254) in the United States
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Hourly Compensation for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 33641) in the United States
IPUEN33641U120000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN334413U110000000), retrieved from FRED.