Employment for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
Index 2017=100
IPUGN4231W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.94
Year-over-Year Change
16.71%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production in the United States, a key indicator of economic activity and a critical metric 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 the monthly changes in the total output of U.S. manufacturing, mining, and electric and gas utilities. It is an important measure of the health and direction of the U.S. economy as it captures broad trends in industrial production.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The industrial production index is widely used by the Federal Reserve, government agencies, and private sector analysts to assess economic conditions and inform policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- The index covers approximately 300 individual series, including 17 major industry groups.
- Industrial production accounts for around 20% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of economic activity and a critical metric for policymakers and analysts to assess the health and direction of the U.S. economy.
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 industrial facilities.
Q: How is this trend used in economic policy?
A: The industrial production index is widely used by the Federal Reserve, government agencies, and private sector analysts to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical one-month delay.
Related Trends
Unit Labor Costs for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239U101000000
Output per Worker for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234W000000000
Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T301000000
Labor Compensation for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L020000000
Real Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T011000000
Unit Labor Costs for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U100000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4231W010000000), retrieved from FRED.