Labor Productivity for Manufacturing: Ship and Boat Building (NAICS 3366) in the United States
Index 2017=100
IPUEN3366L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.89
Year-over-Year Change
3.67%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of selected manufacturing industries in the United States. It serves as a key indicator of the health and direction of the U.S. manufacturing 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 2017=100 tracks the volume of production from a wide range of manufacturing industries, including durable and nondurable goods. It is a vital metric for economists and policymakers to assess the strength of the U.S. industrial base and broader economic trends.
Methodology
The data is collected through surveys of manufacturing establishments and calculated based on 2017 as the base year.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index covers a wide range of durable and nondurable goods.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production volume of selected 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 health and direction of the U.S. manufacturing sector, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated based on 2017 as the base year.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short delay, providing timely data on the U.S. manufacturing sector.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN3366L000000000), retrieved from FRED.