Unit Labor Costs for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States
Index 2017=100
IPUEN3364U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196.24
Year-over-Year Change
88.07%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of manufacturing industries in the United States. It is a key indicator of the overall 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 is a seasonally adjusted index that tracks changes in the total industrial production of manufacturing industries in the U.S. It serves as an important barometer for economists and policymakers to assess the state of the nation's economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
The Index 2017=100 is closely monitored by government agencies, financial institutions, and economic analysts to inform policy decisions and investment strategies.
Key Facts
- The base year for the Index 2017=100 is 2017.
- It covers a broad range of manufacturing industries, from durable goods to non-durable goods.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production output of manufacturing industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the overall health and direction of the U.S. economy, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by government agencies, financial institutions, and economic analysts to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve with minimal update delays.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN3364U100000000), retrieved from FRED.