Employment for Manufacturing: Wood Kitchen Cabinet and Countertop Manufacturing (NAICS 337110) in the United States
Index 2017=100
IPUEN337110W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.31
Year-over-Year Change
17.21%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of the U.S. manufacturing industry. It is a key indicator of economic health and a valuable tool for policymakers and analysts.
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 changes in the total industrial production of the U.S. manufacturing sector. It provides a comprehensive overview of the nation's manufacturing activity and is used to assess the strength and direction of the economy.
Methodology
The data is collected through surveys of industrial facilities and calculated as an index with a base year of 2017.
Historical Context
The Index 2017=100 helps inform monetary and fiscal policy decisions as well as business investment strategies.
Key Facts
- The index has a base year of 2017, with a value of 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached a record high of 104.9 in December 2019.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total industrial production of the U.S. manufacturing sector, providing a comprehensive overview of the nation's manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of economic health and helps inform policy decisions and business investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as an index with a base year of 2017.
Q: How is this trend used in economic policy?
A: The Index 2017=100 helps inform monetary and fiscal policy decisions as well as business investment strategies.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical release delay of around two weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUEN337110W010000000), retrieved from FRED.